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UPDATE 1-Yingli Green Energy posts loss, shares fall

Published: 19 Aug 2009 04:27:06 PST

* Net loss 44 cents per share

* Revenue falls 25 pct to $219.5 mln

* Shares slide 7.6 percent in premarket trade

NEW YORK, Aug 19 - Chinese solar energy company Yingli Green Energy Holding Co Ltd on Wednesday reported a quarterly loss as it took a charge to pay off a loan early, and its shares fell more than 7 percent in premarket dealings.

Net loss was $57.6 million, or 44 cents per American Depositary Share, compared with a profit of about $29.8 million a year earlier.

Revenue fell 25 percent to $219.5 million. Analysts had been expecting revenue of $210.6 million, according to Reuters Estimates.


Source: Reuters

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