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JinkoSolar Announces First Quarter 2021 Financial Results
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Indian Oil share rises 2% after firm logs highest ever profit
For FY21, revenue from operations declined 9.6 per cent to Rs 520,236.84 crore as against Rs 575,989.70 in the fiscal year 2020
BusinessToday.In | May 20, 2021 | Updated 14:20 IST
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Indian Oil Corporation rose 2.5 per cent to hit a fresh 52-week high of Rs 109.90 after the company reported a record consolidated net profit of Rs 21,762.22 crore for the fiscal year 2021 against a net loss of Rs 1,876.32 crore in FY20. This is the highest annual profit ever reported by the firm.
However, the stock shed all early gains amid profit booking. At 13:08 hours, it was trading at 105.55, down 1.54 per cent on BSE.
JinkoSolar Announces Fourth Quarter and Full Year 2020 Financial Results
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SHANGRAO, China, April 9, 2021 /PRNewswire/ JinkoSolar Holding Co., Ltd. ( JinkoSolar or the Company ) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.
Strategic Business Updates
Despite extreme challenges, we experienced significant growth in both revenues and shipments for the full year compared with 2019.
As of the end of 2020, JinkoSolar became the world s largest PV manufacturer, with aggregate module of 70GW. We expect shipments to sustain a growth rate of over 30% in 2021.