First Solar Swings into Net Income of $43 Million in Q1 on Higher Sales
The gross profit margin improved to 20.4% from 3% YoY
April 28, 2023
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U.S.-based solar module manufacturer First Solar recorded a net income of $42.6 million in the first quarter (Q1) of the financial year (FY) 2023, compared to a net loss of $43.3 million year-over-year (YoY).
Arjun Joshi
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