JHL Jetion Solar

TIDMJHL

RNS Number : 3754A

Jetion Solar Holdings Limited

31 January 2011

For Immediate Release 31 January 2011

Jetion Solar Holdings Limited

("Jetion Solar" or the "Company")

Trading Update

Jetion Solar (AIM:JHL), the manufacturer of high quality solar cells and modules, announces a trading update following the financial year end on 31 December 2010.

Following the brief update on trading released in early November, the Board is pleased to report that trading in both November and December exceeded expectations, albeit that December experienced some slowdown as it has done in the past. In consequence, the Board is pleased to announce that profits for the full year ended 31 December 2010 will substantially exceed market expectations.

However, the market continues to be difficult and challenging. Although raw material prices have stabilised recently, module selling prices remain under pressure and many governments in Europe continue their gradual reduction in subsidies. The Board expects this difficult situation to remain for at least the first quarter of 2011, but will update shareholders at the time of the preliminary results in the second quarter of 2011.

 
 For further information : 
 Jetion Solar Holdings Limited 
                                     +86 (0) 510 8668 7372 
 Raymond Wong                         +44 (0) 78 3414 6777 
 Evolution Securities Limited        +44 (0) 20 7071 4300 
 Tim Worlledge, Tim Redfern 
 
 Buchanan Communications             +44 (0) 20 7466 5000 
 Mark Edwards, Christian Goodbody 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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