UPDATE 1-SMA Solar's 2012 operating profit plunges on Asian competition

Newswire

* Proposes 2012 div of 0.60 eur/shr vs 1.30 eur for 2011 * 2012 EBIT 102 mln eur vs 122 mln Rtrs poll avg * 2012 sales 1.46 bln eur vs 1.47 bln Rtrs poll avg FRANKFURT, March 27 (Reuters) - Germany's top solar company SMA Solar said its profits and dividend more than halved last year, as cheaper Asian rivals hurt prices and margins for its key products. The world's largest maker of solar inverters - a key component in solar ...

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