Sky Solar Holdings (SKYS) Misses Q4 EPS by 24c

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Sky Solar Holdings, Ltd. Reports Fourth Quarter and Full Year 2014 Unaudited Financial Results

March 17, 2015 7:43 AM EDT

HONG KONG, March 17, 2015 (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (Nasdaq: SKYS) ("Sky Solar" or "the Company"), a global developer, owner and operator of solar parks, today announced its financial results for the fourth quarter of 2014 and fiscal year ended December 31, 2014.

Highlights:

Q4 2014 electricity sales of $3.5 million, up 62.1% over Q4 2013 2014 electricity sales revenue of $22.2 million, up 177% over 2013; Q4 2014 Adjusted EBITDA of negative $1.8 million, 2014 Adjusted EBITDA of $0.6 million; 65.1 MW of IPP assets in operation as of December 31, 2014, compared to... More

Sky Solar Holdings, Ltd. Reports Fourth Quarter and Full Year 2014 Unaudited Financial Results

March 17, 2015 7:43 AM EDT

HONG KONG, March 17, 2015 (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (Nasdaq: SKYS) ("Sky Solar" or "the Company"), a global developer, owner and operator of solar parks, today announced its financial results for the fourth quarter of 2014 and fiscal year ended December 31, 2014.

Highlights:

Q4 2014 electricity sales of $3.5 million, up 62.1% over Q4 2013 2014 electricity sales revenue of $22.2 million, up 177% over 2013; Q4 2014 Adjusted EBITDA of negative $1.8 million, 2014 Adjusted EBITDA of $0.6 million; 65.1 MW of IPP assets in operation as of December 31, 2014, compared to... More