SMIC Reports 29% Increase in Third-Quarter Profit

Reuters
Yesterday

BEIJING, Nov 13 (Reuters) - Semiconductor Manufacturing International Corp, 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.

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