German companies Ersol Solar Energy and Aleo Solar have reported earnings results for the first half of 2008, logging solid gains in profitability.

Ersol Solar reported $33.3 million (€ 22.4 million) in net income on $193.5 million (€ 129.9 million) in revenue for the first six months of 2008, compared with $14.3 million on $104 million in revenue for the same period in 2007.

The gains can be attributed to a variety of factors: additional suppliers, increased exports, lower pre-production costs in wafers and solar cells units, and gains from Ersol's Thin Film GmbH division.

For further information: Red Herring