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GT Advanced Technologies maintains positive margins despite revenue collapse in 3Q 2012

SOLARSERVER - GT Advanced Technologies Inc. (Merrimack, New Hampshire, U.S.) has released results for its third quarter of 2012, reporting a 49% year-over-year decrease in revenues to USD 110 million.

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Print November 7, 2012, 12:53 (CET)
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GT earned most the vast majority of these revenues at USD 95.9 million from its polysilicon division, while revenues from its Photovoltaics (PV) division collapsed to USD 1.6 million. Despite these declines GT managed a 4.6% operating margin and a net income of USD 2.3 million.

 

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