News

LDK Solar Co., Ltd. provided an updated outlook for the fourth quarter of 2008 and select data for the year 2009. For the fourth quarter of 2008, LDK Solar now estimates revenue in the range of $415 to$425 million and wafer shipments between 245 and 255 MW. Additionally, LDK Solar expects to record write-downs of $210 to$220 million against the cost of inventories for a decline in net realizable value of inventories resulting from the rapid market price decline for solar wafers. As a result, the gross margin is expected to be negative and LDK Solar expects to report a loss of $135 to$145 million in the fourth quarter. For the full year 2008, LDK Solar estimates revenue in the range of $1.63 to$1.64 billion, wafer shipments between 810 to 820 MW and net profit of $145 to$155 million.