22 Aug '11, 12pm

SunTech, World’s Biggest PV Firm: Healthy Revenue, Difficult Margins in Q2

SunTech, World’s Biggest PV Firm: Healthy Revenue, Difficult Margins in Q2

Suntech is the world's largest manufacturer of solar panels. The firm announced its financial results for its second fiscal quarter this morning. Suntech met its shipment guidance and is on track to meet its full year guidance of 2.2 gigawatts. Total net revenues were $830.7 million in the second quarter of 2011 -- a sequential decrease of 5.3 from last quarter, and an increase of 32.9 quarter year-over-year. Revenue guidance for full year 2011 was dialed down $100 million to $3.2 billion to $3.4 billion. But gross margins were 4.1 percent in the second quarter of 2011. And the firm's ASP declined 7 percent quarter-to-quarter and Suntech expects mid to high teen price declines in Q3. This will only put further pressure on already slim margins. For many solar firms (SunPower, First Solar, Trina Solar, JA Solar , etc.) and their investors, the second quarter and first half o...

Full article: http://www.greentechmedia.com/articles/read/SunTech-World...

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BlogPost- Telekom Malaysia Q2 Financial Results

BlogPost- Telekom Malaysia Q2 Financial Results

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Kuala Lumpur,24 August 2011- Telekom Malaysia Berhad (TM) today announced its financial results for the second quarter of ...