China Sunergy says it returned to profitability in Q2

sunergy 30895a China Sunergy says it returned to profitability in Q2

Solar-cell maker China Sunergy tells investors that it returned to profitabilty in the second quarter of 2009, and will demonstrate stronger-than-expected sales volumes when it submits its official quarterly financial results in August

Solar-cell shipments at the Nanjing-based firm “slightly exceeded” its prior guidance of 35-40 megawatts during the three-month period ending 30 June.

The company adds that its gross profit margin during the quarter will be around 9%, “compared with prior guidance of a positive low single-digit number”.

“During the second quarter China Sunergy met or exceeded the guidance targets we set for ourselves,” says chief executive Allen Wang. “We have experienced a steady monthly improvement in our operational and financial performance during the quarter.”

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