SMIC Q2 2010 Profit Reaches USD 98 Mln
PR Newswire, 8/10/10
Chinese semiconductor firm Semiconductor Manufacturing International Corporation (SMIC) (NYSE: SMI, 0981.HK) has announced its consolidated results of operations for the three months ended June 30, 2010.
Revenues reached USD 381.14 mln, up 42.5% YoY and up 8.4% QoQ, exceeding quarterly guidance.
Net income for the second quarter was USD 96.29 mln, compared to a net loss of USD 97.91 mln in Q2 2009 and USD 181.69 mln in Q1 2010.
For the third quarter, SMIC expects revenue to see a 4% to 6% increase.
To see SMIC's full earnings report, please click here.
Keywords: guidance hardware profit revenue semiconductor SMI SMIC 0981.HK Q2 2010 fiscal report
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