Sky Solar Holdings (SKYS) Posts Surprise Q4 Loss

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Sky Solar Holdings, Ltd. Reports Fourth Quarter and Full Year 2015 Unaudited Financial Results

March 30, 2016 9:30 PM EDT

HONG KONG, March 30, 2016 (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 2015 and fiscal year ended December 31, 2015.

Highlights:

Q4 2015 total revenue of $12.2 million, up 49% over Q4 2014Q4 2015 electricity revenue of $7.9 million, up 127% over Q4 2014Q4 2015 Adjusted EBITDA1 of... More