SUNTECH REPORTS SHARP RISE IN Q2 PROFIT
AsiaInfo Services, August, 2006
AsiaInfo Services 08-17-2006 Suntech Reports Sharp Rise in Q2 Profit CHINA, Aug 17, 2006 (SinoCast via COMTEX) -- Suntech Power Holdings Co., Ltd.(NYSE: STP), a solar power giant in China, fulfilled USD 26.5 million of profits in the second fiscal quarter, increasing 3340.7% over USD 1.42 million of the same time last year.
The profit per share was about USD 0.17 per share. By June 30, the net revenues of the second fiscal quarter was USD 128.2 million, more than triple of the year-ago period's USD 41.9 million, growing 205.9% year over year or 42.6% quarter on quarter; while the revenue of the third fiscal quarter is expected to hit USD 162 to 169 million. As to the increase, the CEO of Suntech Shi Ahengrong told that the worldwide demand for solar power...
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