April 29 news, BAK Battery, announced today at 31 March 2011 of the 2011 fiscal second quarter earnings.
The second quarter of fiscal 2011 results and highlights:
Net revenue $ 46,700,000, down 26.5% to $ 63,500,000 the previous quarter; down 7.4% year on year, compared to $ 50,400,000.
Gross profit was $ 4,400,000, down 55.5%, last quarter of 1000 million; down 50.6% year on year, compared to $ 9,000,000. Gross profit margin was 9.5%, 15.7% the previous quarter, compared to 17.9%.
Operating loss of $ 1,800,000, $ 1,800,000 loss last quarter, compared with profit of $ 900,000.
Net loss of $ 4,100,000, $ 3,700,000 loss last quarter, a year earlier loss of $ 2,500,000.
Diluted loss of $ 0.06 per ADS, in the previous quarter loss of $ 0.06, a year earlier loss of $ 0.04.
