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Suntech reports third quarter 2008 financial results

Post Time:Nov 25,2008Classify:Industry NewsView:193

Suntech Power Holdings Co., [China, with American headquarters in San Francisco]the world's largest photovoltaic (PV) module manufacturer, today announced financial results for the third quarter ended Sept. 30, 2008, according to a Nov. 20 Market Watch report.

"Our third quarter performance was driven by healthy demand for our solar products, resulting in strong top-line growth that exceeded the high end of our guidance," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "However, the rapid weakening of the Euro relative to the USD over the past two months combined with the unstable credit markets has created a challenging environment in the fourth quarter of 2008."

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Source: http://www.glassmagazine.com/news-item/commercial/suntech-reports-third-quarter-2008-financial-resultsAuthor:

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