SMIC Reports Q2 2009 Net Loss of USD 98 Mln

SMIC PR, 7/28/09

Chinese semiconductor foundry Semiconductor Manufacturing International Corporation (SMIC) (NYSE: SMI; 0981.HK) has announced its consolidated financial results for Q2 2009, with overall revenue reaching USD 267.4 mln, down 22% year-on-year and up 82.5% from USD 146.5 mln in Q1 2009.

SMIC recorded a net loss for the quarter of USD 97.9 mln, 45% smaller QoQ compared to a net loss of USD 178.11 mln in Q1 2009, but 107% larger YoY compared to a net loss of USD 47.23 mln in Q2 2008.

SMIC's Q3 2009 guidance projects revenue will increase between 14% to 18% over the Q2 figure.

To see SMIC's full earnings report, please click here.

Keywords: 0981.HK hardware Q2 2009 semiconductor SMI SMIC profit revenue fiscal report guidance

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