Although there is nothing encouraging in the current results, the company is expecting better times ahead

GCL’s revenues have fallen by 22.4% from $1.95B in H1-2011 to $1.528B in H2-2012, while the company has gone from making a profit of $457M to a loss of $42.5M

On a slightly positive note, Daqo was able to reduce its gross loss from $11M in the first quarter to $5.9M in the second quarter of 2012