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LDK Solar enlarges its net loss in Q2

Sep. 18, 2012 (China Knowledge) - LDK Solar Co Ltd<LDK>, the world's largest manufacturer of multi-crystalline solar wafers, has posted a net loss of US$254.3 million attributable to shareholders for the second quarter of this year, while its net loss for the second quarter of 2011 was US$87.7 million.

Diluted net loss per American Depositary Share for the second quarter of this year was US$2, compared with diluted net loss per ADS of US$0.62 in the corresponding period of last year.

Net sales for the three months period stood at US$235.4 million, 52.86% lower than it realized in the second quarter of 2011.

In the second quarter of this year, the U.S.-listed company saw its shipment of wafer reach 316.77MW, while the shipment of cells and modules was 135.6 MW.

At the end of June 2012, LDK Solar had US$296.2 million in cash and cash equivalents and US$523.4 million in short-term pledged bank deposits.







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