SUNNYVALE, Calif. and XINYU CITY, China, Oct. 8 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. (NYSE: LDK), a manufacturer of multicrystalline solar wafers, today provided an updated outlook for the third quarter of 2008. Based upon preliminary data for the third quarter, LDK Solar estimates revenue to be in the range of $530 to $540 million and wafer shipments between 230 to 240 MW. This compares to its previously issued guidance for the third quarter of 2008 of revenue in the range of $486 to $496 million and wafer shipments in the range of 210 /220 MW.
LDK Solar also announced that it reached the annualized wafer production capacity of 1.2 GW by the end of the third quarter of 2008. LDK Solar's 1.2 GW production capacity is ahead of its publicly announced plans to reach this target by the end of 2008.
"We are very pleased to see our wafer capacity expansion plans proceeding ahead of schedule," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "LDK Solar leads the industry by executing one of the fastest wafer capacity ramps within the sector. Reaching our year-end annualized capacity target three months ahead of schedule and delivering better than expected financial results for the third quarter reflects our steadfast dedication to meeting the increasing demand for solar cells worldwide and becoming one of the largest and lowest-cost wafer roducers in the solar industry."
This outlook for the three months ended September 30, 2008 is an estimate. Results are subject to change based on further review by the management. LDK Solar plans to report its full third quarter results in mid-November 2008. Once the reporting date is finalized, LDK Solar will
issue a press release announcing the date and details of its third quarter conference call.
Wednesday, October 08, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment