Hanwha SolarOne returns to positive operating cash flow

Shanghai - Hanwha SolarOne Co. has been ailing from the uncertainty on the European market and fierce competition on the photovoltaic market. Despite these difficulties the solar company narrowed its losses and increased shipments in the second quarter of the current fiscal.

"We recorded a solid performance for the second quarter ending June including further gross margin improvement reflecting an improved cost structure and better factory utilization, an 11 percent quarter-over quarter shipment gain and a return to positive operating cash flow,

Source: IWR Online, 11 Sep 2013