SMIC Second-Quarter Profit Declined 19.5% Year-on-Year

Reuters

08/07

BEIJING, Aug 7 (Reuters) - Semiconductor Manufacturing International Corp (SMIC), China's largest contract chip maker, reported on Thursday a 19.5% year-on-year decline in second-quarter profit.

Profit attributable to owners of SMIC reached $132.5 million in the June quarter, missing analysts' estimates of $183.35 million, according to LSEG data.

Revenue rose 16.2% to $2.2 billion, in line with market expectations of $2.2 billion, according to LSEG.

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