The company posted a net loss of HK$330m ($42.5m) against the HK$3.55bn profit it made during the same period in 2011.
The loss – which GCL had warned of in advance – came on revenues of HK$11.78bn, down from HK$15.17bn last time.
The company pointed to a range of now-familiar issues facing the global solar industry to explain the slump.
These include “cyclical oversupply of the industry, the European debt crisis and European subsidy policy changes” that contributed to the plunging price of its products.
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