This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SMIC Announces 2013 Interim Results

SHANGHAI, Aug. 27, 2013 /PRNewswire/ -- Semiconductor Manufacturing International Corporation (NYSE: SMI; SEHK: 981) ("SMIC" or the "Company"), one of the leading semiconductor foundries in the world, announced the unaudited interim results of operations of the Company and its subsidiaries for the six months ended June 30, 2013.

HIGHLIGHTS

  • Revenue hit a record high of US$1,042.9 million for the six months ended June 30, 2013, an increase of 38.2% compared to US$754.5 million for the six months ended June 30, 2012.
  • Gross profit was a record high of US$233.5 million for the six months ended June 30, 2013  an increase of 65.0% compared to US$141.6 million for the six months ended June 30, 2012.
  • Gross margin improved to 22.4% for the six months ended June 30, 2013 from 18.8% for the  six months ended June 30, 2012.
  • Profit from operations was a historical high of US$130.5 million for the six months ended  June 30, 2013 compared to a loss from operations of US$36.5 million in the six months ended June 30, 2012.
  • The Company achieved a record-high profit attributable to owners of the Company of US$116.0 million for the six months ended June 30, 2013 compared to a loss of US$35.8  million for the six months ended June 30, 2012.

The complete unaudited interim results announcement can be found at http://www.smics.com/attachment/20130826183201001723017_en.pdf

About SMIC

Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in mainland China, providing integrated circuit (IC) foundry and technology services at 0.35-micron to 40-nanometer. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai, a 300mm mega-fab in Beijing, a 200mm fab in Tianjin, and a 200mm fab project under development in Shenzhen. SMIC also has customer service and marketing offices in the U.S., Europe, Japan, and Taiwan, and a representative office in Hong Kong.

For more information, please visit www.smics.com.

Safe Harbor Statements

(Under the Private Securities Litigation Reform Act of 1995)

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,011.12 -59.28 -0.33%
S&P 500 2,102.64 -11.85 -0.56%
NASDAQ 4,964.8260 -52.1030 -1.04%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs