26 June 2012 10:11 [Source: ICIS news]
The company’s net revenue in the first quarter fell 74% year on year to $200m, and saw a first-quarter gross loss of $131m, it said in a statement.
“Industry-wide overcapacity continued and drove price declines across the entire solar supply chain, which significantly reduced our revenue and negatively impacted our margins,” said Xiaofeng Peng, Chairman and CEO of LDK Solar.
LDK Solar estimates its revenue to range from $220m to $270m for the second quarter of fiscal 2012, the statement added.
“While we expect to see continued challenging conditions in the solar industry in the near-term, we anticipate that some markets such as
($1 = €0.80)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections