Company Profile For PV Crystalox Solar PLC

PV Crystalox Solar PLC is engaged in the production and supply of multi-crystalline silicon wafers to the photovoltaic market worldwide. The Company has two segments: silicon products, and trading and equipment. The silicon products segment consists of silicon ingots and wafers produced by the Company companies and sold to solar cell manufacturers. The trading and equipment segment is mainly involved in the sourcing of silicon ingots from a supplier to the Company and the onwards supply of these ingots to a customer. In addition, the trading and equipment segment includes a relatively small amount of spare parts manufactured by PV Crystalox Solar PLC. The Company manufactures its multi-crystalline silicon ingots at its facilities in Oxfordshire, United Kingdom, and carries out wafer production for European customers at its facilities in Erfurt, Germany. Wafers for customers in Asia are produced in Japan.

BRIEF: For the six months ended 30 June 2009, PV Crystalox Solar PLC's revenues increased 4% to EUR121.6M. Net income decreased 56% to EUR16.4M. Revenues reflect a rise in sales of the Group's Silicon Products division and a higher income from The Rest of Asia, Germany, USA & Europe markets. Net income was off set by increase in cost of material, an increase in pension cost and presence of currency exchange loss vs. a gain.