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FinancialNews
23-02-19
Israeli SolarEdge jumps 54 percent in 2018 revenue
(MENAFN) SolarEdge, a major smart energy technology firm based in Israel, recorded a 54 percent jump in its revenue by the end of 2018 to smash a new record.
Total revenues for the Israeli company during the first quarter of 2018 surged 11 percent to stand at USD236.7 million from the third quarter, while witnessing a 40 percent boost on annual basis.
Meanwhile, gross margin for the Israeli firm reportedly accounted for 30.2 percent to push its profits to hit USD0.27 a share.
The firm further delivered shipments of 1.1GW of inverters by the fourth quarter to reach 3.9GW by the end of the year.
MENAFN2302201900450000ID1098159641
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