💨 Abstract

Semiconductor Manufacturing International Corp reported first-quarter net income of $71.79 million on Thursday, missing analysts’ expectations. Unaudited profit attributable to owners of china’s largest chip foundry fell from $231.1 million a year earlier and below the $80.49 million expected by analysts polled by LSEG. Revenue rose by 4.3% to 1.75 billion yuan, topping the $1.69 billion expected by analyst. Capital expenditure was $2.2 billion.

Courtesy: theprint.in

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