Toyo co., ltd announces first half 2024 unaudited financial results

Tokyo , aug. 21, 2024 /prnewswire/ -- toyo co., ltd (nasdaq: toyo) ("toyo" or the "company"), a solar solution company, today announced its financial results for the six months ended june 30, 2024. first six months of 2024 highlights revenues of $138.1 million versus $0 revenues in the first half of 2023 gross margin of 19.3% net income of $19.6 million versus a loss of $1.9 million in the first half of 2023 985 mw shipped "we are pleased with our financial and operational achievements in the first half of 2024, highlighting our team's outstanding execution capabilities," said junsei ryu, chairman and ceo of toyo.
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