August 13, 2012 / 6:20 AM / 5 years ago

SolarWorld slashes 2012 outlook on "price dumping"

FRANKFURT, Aug 13 (Reuters) - German solar group SolarWorld slashed its outlook for the ongoing year, citing “price dumping” by Asian peers that has led the company to post a first-half operating loss of 144 million euros ($177.32 million).

“From today’s perspective, SolarWorld AG will not generate a positive EBIT in the 2012 fiscal year in light of the aggressive market situation characterized by illegal trade practices,” the company said on Monday.

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