Yingli Narrows Loss in Q4 and 2012
Yingli Green Energy Holding has reported smaller losses in its Q4 and 2012 results. For the quarter, revenue amounted to $466 million, up from the $359 million in the previous quarter. Non-GAAP net loss narrowed to $146 million ($0.93 per diluted share) from Q3 2012's red figure of just under $154 million ($0.98).
For the full year, the top line came in at $1.8 billion, which was more than half a million dollars less than the previous year's $2.3 billion. Net loss was $337 million ($2.15 per share), against 2011's shortfall of $510 million ($3.25).
Yingli said its PV module shipments during the year reached a record high of 2,297 MW. For fiscal 2013, it expects that number to rise significantly, to 3,200-3,300.
The article Yingli Narrows Loss in Q4 and 2012 originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in Yingli Green Energy Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.