Our gross profit was $29 million, an increase of 43% sequentially.
Gross margin was 8.4% compared to revised guidance of 7% to 9% and to 5.8% in the first quarter of 2012. We wish to highlight that excluding the effect of the non cash inventory write-down totaling $26.1 million and the impairment for property, plant and equipment of $12.8 million our gross profit and gross margin were $67.9 million and 19.6% respectively.
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