Q-Cells Q2 pre-tax loss of 62 million euros

Q-Cells AG 14 released, 2 quarter results than expected sales figures for the entire quarter of 142 million euros, pre-tax loss of 62 million euros, the company said that was expected to enhance the performance of the season was not taking place in the overall fiscal years of forecast revenue and difficult to reach production targets.
Tags: QCells prices at the German financial weekly revenue (Wirtschafts Woche) reported that the world's largest solar cell manufacturer Q-Cells AG 14 released, 2 quarter results than expected sales figures for the entire quarter of 142 million euros, pre-tax loss for 62 million euros, the company said that was expected to enhance the performance of the season did not occur, therefore the total fiscal year revenue forecast and difficult to reach production targets.

The company's Q2 revenues of 142 million euros, representing a quarter of the first 225 million euros lower, while pre-tax loss of 62 million euros over the previous quarter profit of 15 million yuan to poor performance. No improvement in the price of solar cells is the important reason for declining performance.

Q-Cells CEO Charles Anton Milner, said prices have fallen in the solar system after the second half of this year's solar market is expected to be improved. Since the end of 2008 since the global financial crisis, credit crunch, the economic recession, polysilicon and solar cell prices and other factors have made investments in great demand by the hit makers of solar energy.

Jul. 15, 2009