Losses nearly halved at Conergy as sales increase almost 40%

A strong boost to sales in the second quarter helped Conergy to reduce losses from the previous quarter to 6.7 million, down from 12.3 million in the previous quarter. Conergy increased sales by almost 40% to 225.2 million, compared to 163.3 million in the prior quarter, but down from 239.4 million reported in the same period of 2010. The dramatic fall in module prices impacted gross profit margin, which fell to 19.1% from 24.6% at the beginning of the year.