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China’s Trina Solar posts first profit in nine quarters

REUTERS – Trina Solar Ltd (TSL.N) swung to a profit after eight straight quarters of Trina Solar Panelslosses, highlighting a broad recovery in the solar industry as panel prices steady after a four-year decline.

Trina shares rose nearly 10 percent to $17.74 in early trading on the New York Stock Exchange. Solar companies such as Trina, Canadian Solar Inc (CSIQ.O) and JinkoSolar Holding Co Ltd (JKS.N) are becoming profitable again after a downturn caused by excess manufacturing supply in China and the withdrawal of European consumer subsidies.

Source:  http://solarplaza.com/

Our comment upon this: It would seem the cost cutting exercises used at Trina are boosting their profits, but as the quality control has dropped, so has the confidence of their importer into Australia and all imports were suspended over a month ago while this matter is addressed.

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