30 Apr '12, 8pm

Global Woes Continue with LDK Solar's Quarterly Earnings: China's LDK Solar became the latest company to detail...

Global Woes Continue with LDK Solar's Quarterly Earnings: China's LDK Solar became the latest company to detail...

The world’s second largest maker of solar wafers turned in another quarterly loss , and the numbers show how difficult 2011 was compared to the previous year. According to its earnings report, LDK’s loss from operations for the fourth quarter of fiscal 2011 was $531.4 million. In the third quarter of 2011, it reported a loss from operations of $77.1 million. Those numbers pale in comparison to the company’s income from operations of $203.8 million for the fourth quarter of fiscal 2010. The operating margin for the fourth quarter of fiscal 2011 was negative 126.5 percent compared to negative 16.3 percent in the third quarter of fiscal 2011, and positive 22.1 percent in the fourth quarter of fiscal 2010. LDK’s net sales were the fourth quarter were $420.2 million, less than half of the volume from the same period a year earlier. The company cited many of the forces blamed fo...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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