Ballard posts $15.9 mln net loss in 4th quarter

Newswire

TORONTO, Feb 20 (Reuters) - Ballard Power Systems reported on Wednesday a net loss for the fourth quarter of 2007 of $15.9 million, or $0.14 per share, compared with a net loss of $128.7 million, or $1.13 per share, a year earlier. The Vancouver, British Columbia-based company said the 88 percent decrease in its net loss was primarily due to $114.6 million of losses from discontinued operations recorded in the last quarter of 2006 related to Ballard's disposition of its electric drive ...

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