SMIC reports 60.7% increase in fourth-quarter profit
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A logo of Semiconductor Manufacturing International Corporation (SMIC) is seen at China International Semiconductor Expo in Shanghai, China October 14, 2020. REUTERS/Aly Song
BEIJING, Feb 10 (Rtrs) - China's largest contract chipmaker Semiconductor Manufacturing International Corp on Tuesday reported a 60.7% year-on-year increase in fourth-quarter profit.
Profit attributable to owners of SMIC reached $172.85 million in the December quarter, ahead of analysts' estimates of $170.3 million, according to LSEG data.
Revenue rose 12.8% to $2.49 billion, beating analysts' expectations of $2.42 billion, according to LSEG.
SMIC's capital spending for 2025 reached $8.1 billion, up 10.5% from 2024.
(Reporting by Che Pan in Beijing and Miyoung Kim in Singapore, Editing by Louise Heavens)
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