Gross profit for the first quarter of fiscal 2008 was $64.6 million, up 11.2% from $58 million for the fourth quarter of fiscal 2007, and up 127.5% year-over-year from $28.4 million for the first quarter of fiscal 2007.
Gross profit margin for the first quarter of fiscal 2008 was 27.7% compared with 30.1% in the fourth quarter of fiscal 2007 and 38.7% in the first quarter of fiscal 2007.
Net income was $49.8 million, or $0.45 per diluted American depositary shares, or ADS, compared to net income of $49.2 million, or $0.44 per diluted ADS for the fourth quarter of fiscal 2007.
Xiaofeng Peng, chairman and CEO of LDK Solar, said: The first quarter of 2008 marked the beginning of another strong year for LDK. We recorded strong revenue and higher than expected wafer shipments for the first quarter despite the snow storm we experienced in south China. The demand for our wafers remained high and we have signed six significant wafer supply agreements since the beginning of the year.
