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SMIC (00981.HK), Pressured Post-Results, Opens 2%+ Lower
Recommend 13 Positive 21 Negative 10 |
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SMIC (00981.HK) reported a 60.7% YoY hike in net profit for the fourth quarter, reaching USD173 million. However, the company's stock price was subdued today (11th), opening 2.38% lower at HKD69.85. Pre-market trading volume was 866,700 shares, involving a transaction amount of HKD60.5424 million. SMIC's fourth-quarter revenue rose 12.8% YoY to USD2.489 billion, while the gross margin fell from 22% in the third quarter and 22.6% in the same period last year to 19.2%. AASTOCKS Financial News Website: www.aastocks.com |
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