August 10, 2017 / 5:18 AM / 11 days ago

SMA Solar posts profit drop as inverter prices fall

FRANKFURT, Aug 10 (Reuters) - SMA Solar, Germany's largest solar group, on Thursday reported a sharp decline in second-quarter operating profit, blaming a drop in inverter prices across segments and regions.

Second-quarter earnings before interest and tax (EBIT) fell to 222,000 euros ($260,561), down from 13.5 million euros last year, the group said in its half-year report.

$1 = 0.8520 euros Reporting by Christoph Steitz; Editing by Maria Sheahan

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