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|LDK Solar Reports Financial Results for the Second Quarter of Fiscal 2013|
All financial results are reported in U.S. dollars on a U.S. GAAP basis.
Second Quarter Highlights:
Net sales for the second quarter of fiscal 2013 were
Gross loss for the second quarter of fiscal 2013 was
Gross margin for the second quarter of fiscal 2013 was negative 46.9%, compared to negative 57.0% in the first quarter of fiscal 2013, and negative 39.1% in the second quarter of fiscal 2012.
Loss from operations for the second quarter of fiscal 2013 was
Operating margin for the second quarter of fiscal 2013 was negative 82.9% compared to negative 89.4% in the first quarter of fiscal 2013, and negative 73.4% in the second quarter of fiscal 2012.
Income tax benefit for the second quarter of fiscal 2013 was
Net loss available to
"We delivered second quarter revenue that was in line with expectations and reduced our net loss both sequentially and on a year-over-year basis," stated
"We have built a solid pipeline of solar project business worldwide and we remain committed to working with the relevant shareholders, banks and government agencies to secure the resources needed to drive these projects forward," continued Mr. Tong.
"We continue to work diligently on initiatives to improve our cost structure by driving down production costs and tightening operating expenses. By adapting our business to the evolving demand environment, we believe we will position
For the third quarter of fiscal 2013,
Conference Call Details
A live webcast of the call will be available on the company's investor relations website at http://investor.ldksolar.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to,
Lisa Laukkanen, The Blueshirt Group for LDK Solar, email@example.com, +1-415-217-4967, Jack Lai, Executive VP and CFO, LDK Solar Co., Ltd., IR@ldksolar.com, +1- 408-245-8801