SMIC reports 29% increase in third-quarter profit
Tweet
Share
E-mail
A logo of Semiconductor Manufacturing International Corporation (SMIC) is seen at China International Semiconductor Expo (IC China 2020) following the coronavirus disease (COVID-19) outbreak in Shanghai, China October 14, 2020. REUTERS/Aly Song
By Che Pan and Brenda Goh
BEIJING (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)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US sugar demand up, corn syrup down, as consumers pick less processed foods, report says
- Cyclosporiasis cases in Michigan rise to 10,386 in ongoing outbreak
- Father of Georgia school shooter sentenced to 15 years in prison
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
