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Solarfun, JA Solar Post Losses
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Solar companies Solarfun(SOLF Quote) and JA Solar(JASO Quote) both based in China, reported losses for the first quarter on Tuesday.
Solarfun, whose CEO Harold Hosken announced his resignation, lost $1 million, or 2 cents per American depositary share, compared with a profit of $15.8 million a year ago. Revenue fell 43% to $100.1 million.
Analysts polled by Thomson Reuters were expecting a bigger loss from the maker of photovoltaic cells, of 17 cents a share on revenue of $100.1 million. ...
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