China Sunergy loss narrows as production costs fall

Reuters

Nov 7 (Reuters) - Solar panel maker China Sunergy Co Ltd reported a smaller second-quarter loss as manufacturingcosts fell sharply.

The company's net loss narrowed to $1.4 million, or 11 centsper American Depositary Share (ADS), from $30.3 million, or$2.26 per ADS, a year earlier.

Revenue dropped 33 percent to $71.8 million. Cost of goodssold fell 41 percent.

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