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BRIEF-Semiconductor Manufacturing International posts net profit of $104.0 mln in Q4
February 14, 2017 / 12:03 PM / 10 months ago

BRIEF-Semiconductor Manufacturing International posts net profit of $104.0 mln in Q4

Feb 14 (Reuters) - Semiconductor Manufacturing International Corp

* Net profit for period attributable to SMIC was $104.0 million in 4Q16, as compared to $113.6 million in 3Q16

* In first quarter revenue expected to decline by 2% to 4% QOQ

* Revenue was $814.8 million in 4Q16, an increase of 5.2% QOQ from $774.8 million in 3Q16

* In first quarter co expects gross margin to range from 25% to 28%

* Target revenue growth of 20% yoy, gross margin of mid to high-20‘s% and EBITDA margin of high-30‘s% for 2017 Source text for Eikon: Further company coverage:

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