Seeking Alpha

ChinaScope Fina...'s  Instablog

ChinaScope Financial
Send Message
ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
My company:
ChinaScope Financial
My blog:
ChinaScope Daily Dim Sum
  • LDK Solar Sells Land For Cash 0 comments
    Sep 20, 2012 2:12 AM | about stocks: LDK

    Source: Netease Finance, ChinaScope Financial (Data)

    + According to the LDK Solar's (LDK: NYSE) financial results for the second quarter of 2012, the company's net sales in the period were USD 235.4 million, considerably lower when compared to USD 499.4 million for the same period a year before.

    + Total loss in 12Q2 was USD 92.0 million, a turnaround from gross profit of USD 11.0 million in 11Q2. The financial results also show that during the reporting period, LDK Solar entered into several sales agreements to sell some of its real estate properties and land use rights to local governments for cash.

    + In the second quarter of 2012, LDK Solar paid USD 12 million in interest expenses related to the unrecorded fair value change of certain interest rate swap contracts.

    A quick cut down in headcount and steep decline in capacity utilization imply that a full-scale liquidation of LDK is approaching.(click to enlarge)

Back To ChinaScope Financial's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.