Uge International Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 19, 2021 at 07:20 am EDT
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UGE International Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 47,096 compared to USD 253,190 a year ago. Operating loss was USD 1.006 million compared to USD 694,605 a year ago. Net loss was USD 801,986 compared to USD 584,739 a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.03 a year ago. For the half year, sales was USD 926,401 compared to USD 893,203 a year ago. Operating loss was USD 2.085 million compared to USD 1.526 million a year ago. Net loss was USD 1.874 million compared to USD 1.472 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.07 a year ago.
UGE International Ltd. is a Canada-based company, which develops, owns, and operates commercial and community solar projects in the United States and strategic markets abroad. The Company is also providing engineering, procurement, and construction (EPC) services, and engineering services to third parties on a limited basis. The Company's hosts include building owners, landowners and institutions. It works with its client's team to identify sites on their property ready for rooftop, ground-mount, and/or carport solar installations. The Company's distributed energy solutions deliver cleaner energy to businesses and consumers with no upfront cost. It has over 500 megawatts (MW) of solar project experience. It is focused on its project portfolio, including its project development backlog, which stood at approximately 316.3 megawatts (MW). Its projects include Bertoline, Norway, Abingdon, Smithville Solar One, Foxcroft Academy, Sculler Solar Gardens and Tuckahoe Housing Authority.