LDK Solar releases net sales figures

LDK Solar, a manufacturer of multicrystalline solar wafers and PV products, has revealed that its net sales for the first quarter of fiscal 2010 were $347.6m (£232.8m), compared with $304.6m for the fourth quarter of 2009 and $283.3m for the first quarter of 2009.

Gross profit was $54.5m, compared with $30.2m in fourth-quarter 2009, and a gross profit of $4.9m for the first quarter of fiscal 2009.

Net income was $7.2m, or $0.06 per diluted ADS, compared to a net loss of $13.2m, or $0.12 per diluted ADS, for the fourth quarter of fiscal 2009. 

The number of shares for calculating diluted ADS was approximately 125.8 million and 109.6 million for the first quarter of 2010 and the fourth quarter of 2009, respectively.