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SMIC (00981.HK) 2Q Net Profit Surges 6.4x YoY to US$138M
SMIC (00981.HK) announced that the net profit surged 6.44 times YoY to US$138 million in 2Q20. EPS was US$0.03. Revenue was US$938 million, an increase of 18.7% YoY. Gross margin was 26.5%.
For 3Q20, the company expected the revenue to increase by 1% to 3% QoQ; and gross margin to range from 19% to 21%.
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