JA Solar Holdings Company Ltd., Reveals 83% Retreat In Q3 Earnings

(RTTNews) - JA Solar Holdings Company Ltd., (JASO) reported a profit for third quarter that lost ground compared to the same period last year.

The company said its bottom line declined to RMB44.84 million, or RMB0.17 per share. This was lower than RMB259.23 million, or RMB0.87 per share, in last year's third quarter.

The company said revenue for the quarter rose 8.9% to RMB4.16 billion. This was up from RMB3.82 billion last year.

JA Solar Holdings Company Ltd., earnings at a glance:

-Earnings (Q3): RMB44.84 Mln. vs. RMB259.23 Mln. last year. -Earnings Decline (Y-o-Y): -82.7% -EPS (Q3): RMB0.17 vs. RMB0.87 last year. -EPS Decline (Y-o-Y): -80.5% -Revenue (Q3): RMB4.16 Bln vs. RMB3.82 Bln last year. -Revenue Change (Y-o-Y): 8.9%