Korean solar module developer Hanwha Q Cells posted a profit of almost $77m in 2015.
The annual results are the first since the merger of Hanwha SolarOne and Hanwha Q Cells Investment.
Total revenues for last year stood at just under $1.8bn, boosted by a shipment increase of 60% to 3.3GW from 2.2GW – based on a combined pre-merger basis.
The company expects module shipments to increase further in 2016 to between 4.5GW and 4.7GW.
Hanwha Q Cells chairman and chief executive officer Seong-woo Nam said: “We are pleased to report a successful, transitional financial and operational results for full year 2015 highlighted by a return to net profitability and record high total module shipments.
“We have started 2016 with the strongest foundation in the company’s history as we continue to enhance our core competitiveness in terms of manufacturing cost, operational efficiencies, product quality and technology.”
Image: Hanwha Q Cells PV production (Hanwha Q Cells)
