03:59 PM EST - China Wind Power International Corp : reported its financial results for the three-month period ended June 30, 2010. Total electricity sales for the first quarter of FY2011 were $1.2 million, up 92% from $600,000 for the corresponding period of FY2010. Recorded revenue for Q1 FY2011 was $1.2 million. The Company had no recorded revenue for the corresponding period of FY2010 after excluding the recovery of wind farm plant costs of $629,063. The recovery costs were recorded during the testing, tuning and calibration of the Phase 1 wind project. Net loss for Q1 FY2010 was $1.4 million, or $0.02 per share fully diluted, up from a net loss of $0.4 million or $0.01 per share fully diluted, for Q1 FY2010. China Wind Power International Corp
shares V.CNW are trading up $0.01 at $1.01.
