LDK Solar Posts Steep Loss Amid Mounting Industry Pressure

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 ” China’s LDK Solar, a producer of polysilicon, wafers, cells and modules, has reported a steep quarterly loss that underscores the dramatic industry-wide shift that has occurred in the past year.


In a weaker-than-expected fiscal first quarter statement posted Tuesday, LDK reported a net loss of $185.2 million, or a loss of $1.46 per diluted American depository share (ADS). During the same period a year ago, the company posted a net income of $135.4 million, or a $0.95 gain per diluted ADS. Net sales for the first quarter were $200.1 million, far below the $766.3 million generated during the same period last year.”

LDK Posts Steep Loss Amid Mounting Industry Pressure | Renewable Energy News Article
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