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UPDATE: China Sunergy Posts Q4 Loss

By Insider Scoop
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Courtesy of Benzinga.

China Sunergy Co Ltd (NASDAQ: CSUN) posted a loss in the fourth quarter. It expects a net loss in the current quarter.

China Sunergy projects Q1 shipments in the range of 70 megawatt (MW) to 80 MW, versus 116.8 MW in the fourth-quarter.

China Sunergy posted a quarterly net loss at $49.6 million, or $3.71 per American Depositary Share (ADS), versus a year-ago net income of $15.4 million, or $1.11 per ADS. Its revenue declined 35% to $110.8 million.

China Sunergy shares closed at $2.21 yesterday.

(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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