JA Solar Loses Earnings Power

China-based JA Solar Holdings Co., Ltd. (JASO - Analyst Report) announced disappointing financial results for its 1st quarter of 2009 ended March 31, 2009.

Revenue in the reported quarter was $33.9 million, a decrease of 79.4% from $164.2 million in the comparable prior year 1st quarter of 2008, and a decrease of 76.3% from $143.3 million reported for the sequential 4th quarter of 2008.

Likewise, total gross loss in the reported quarter was $20.9 million, significantly down compared to a gross profit of $34.5 million in the year ago 1st quarter of 2008, and gross profit of $1.4 million in the sequential 4th quarter of 2008.

Labels: Earnings, JA Solar Holdings Co., JASO, Ltd., solar, Solar Technology, solarstocks

posted by Ertai at 1:11 PM