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Yingli Green posts loss on slump in panel prices
August 29, 2012 / 11:10 AM / in 5 years

Yingli Green posts loss on slump in panel prices

Aug 29 (Reuters) - Yingli Green Energy Holding Co, one of China’s largest solar equipment makers, reported a fourth quarterly loss in a row due to a sharp fall in panel prices.

The company posted a second-quarter net loss of $90.2 million, or 58 cents per American Depositary share (ADS), compared with a profit of $58.1 million, or 36 cents per ADS, a year earlier.

Revenue fell 28 percent to $488.5 million.

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