Picture of Semiconductor Manufacturing International logo

981 Semiconductor Manufacturing International News Story

0.000.00%
hk flag iconLast trade - 00:00
TechnologySpeculativeLarge CapHigh Flyer

Smic Reports 29% Increase In Third: quarter profit

By Che  Pan and Brenda Goh

BEIJING, Nov 13 (Reuters) - Semiconductor Manufacturing International Corp 0981.HK ,China's largest contract chipmaker, reported on Thursday a 28.9% year-on-year increase in third-quarter profit.

Profit attributable to owners of SMIC reached $191.75 million in the September quarter, ahead of analysts' estimates of $178.88 million, according to LSEG data.

Revenue rose 9.7% to $2.38 billion, beating analysts' expectations of $2.345 billion, according to LSEG.

 (Reporting by Che Pan and Brenda Goh, Editing by Louise Heavens)

 ((Che.Pan@thomsonreuters.com;))

Recent news on Semiconductor Manufacturing International

See all news