Intelligence Brief
OPEL expects to “be profitable by the end of the year”: report
14 April 2009
OPEL International Inc. is hopeful of “a significant jump in revenue” in the first half of this year.
According to a report filed by Connecticut Business News Journal, OPEL, which had recently set up OPEL Solar Europe, a limited liability company headquartered in Brussels, Belgium, is expecting growth opportunities in Canada, where the Ontario legislature recently introduced the Green Energy Act 2009, which includes the development of a feed-in tariff programme.
The report added that OPEL is yet to turn a profit, but Frank Middleton, vice president of marketing for the company, and company’s CFO Michael McCoy expect it will manage to do so by the end of the calendar year.
Related links: OPEL
