News Column

Semiconductor Manufacturing Int'l Q2 Net up 28%

August 7, 2014

SHANGHAI, August 7, SinoCast -- Semiconductor Manufacturing International Corporation gained USD 511.3 million incomes in the second quarter 2014, up 13.4% from the first quarter; it made USD 56.80 million net profits, up 28% from USD 20.30 million in the first quarter; its gross profit margin was 28%, compared with 21.3% in the first quarter, according to a financial report released on August 6.

The company's incomes from Chinese market accounted for 44.4% of the total incomes in the second quarter, and China became the single largest market.

The company predicts that incomes would rise 1% to 5% and gross profit margin would reach 24% to 26% in the third quarter.

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Source: Sinocast Computers & Electronics Beat (China)

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