Thursday, September 25, 2008

Jetion eyes North America

By David Blackwell
Published: September 23 2008 03:00 Last updated: September 23 2008 03:00

The addition of two production lines following flotation on Aim in the summer of last year helped Jetion, which makes solar cells in China's Jiangsu province, lift first-half turnover from $38.6m to $100.7m (£55m).

The company, which exports more than 80 per cent of its output to Europe, hopes to start selling in North America next year.

Pre-tax profits for the six months to June 30 were $12.1m, up from $2.8m.

The shares - pitched at 151p for the IPO, which raised £30m - closed up 1p at 79p. The company said it was considering further expansion .David Blackwell

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