Hoku Scientific Inc., the Honolulu-based company that’s selling a majority ownership interest to a Chinese company, reported its net loss narrowed in its most recent quarter.
The company said it had a loss of $1.23 million, or 6 cents a share, in the quarter ended Sept. 30.

That compared with a loss of $1.37 million, or 7 cents, a year prior.
Hoku said revenue declined to $1.5 million from $1.64 million in the same quarter a year earlier. It said most of revenue came from its photovoltaic installation business and related contracts.
The company also reported construction work had restarted on a $390 million polysilicon plant it is building in Idaho and that it expects to test reactor equipment there before the end of the year.
Hoku said the its sale of a 60 percent interest to Tianwei New Energy Holdings Co. Ltd. should also be completed by the end of the current quarter.