LDK Solar Expects a Return to Profit After EU Trade Deal

12 Aug. 2013 by

BLOOMBERG - LDK Solar Co. (LDK), the Chinese solar-panel maker that’s reported eight straight quarterly losses, expects to return to profit this year on domestic demand and as a tariff deal promises better sales in Europe.

The company, which is scheduled to report second-quarter earnings on Aug. 14, started generating positive cash flows from selling wafers used in solar cells in June, President Tong Xingxue said in an interview at his Xinyu office.

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