By Liam Mo and Brenda Goh
BEIJING (Reuters) – 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 to $71.79 million 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 analysts.
Capital expenditure was $2.2 billion.
(Reporting by Liam Mo and Brenda Goh; editing by Jason Neely)
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