No. of Recommendations: 0
STP reports:
NET REVENUE WAS UP 27.2 % SEQUENTIALLY AND 187.8% YEAR-OVER-YEAR TO $163.0 MILLION. NON-GAAP(1) SUNTECH GROUP NET INCOME GREW 11.7% SEQUENTIALLY AND 164.5% YEAR-OVER-YEAR TO $32.8 MILLION, OR $0.21 PER NON-GAAP DILUTED AMERICAN DEPOSITORY SHARE (ADS).
SUNTECH'S THIRD QUARTER TOTAL NET REVENUE WAS UP 15.9% SEQUENTIALLY AND 162.2% YEAR-OVER-YEAR TO $148.5 MILLION. NON-GAAP NET INCOME EXCLUDING MSK GREW 13.5% SEQUENTIALLY AND 168.8% YEAR-OVER-YEAR TO $33.3 MILLION, OR $0.22 PER NON-GAAP DILUTED ADS.
- SUNTECH EXCLUDING MSK INCREASED ANNUALIZED PV CELL PRODUCTION CAPACITY FROM
210MW TO 270MW.
- CONSTRUCTION COMMENCED AT THE COMPANY'S PHASE II FACILITY IN WUXI WHICH IS
EXPECTED TO ACCOMMODATE UP TO 1,000MW FUTURE PRODUCTION CAPACITY.
- BUILDING UPON ITS 180 MICRON THICK WAFER PRODUCTION CAPABILITIES, SUNTECH
MADE ADVANCES IN PRODUCTION TECHNOLOGY CAPABLE OF UTILIZING 150 MICRON
THICK WAFERS.
Numbers look impressive, where do you see STP in 1 year timeframe???