SMIC posts 4Q profit

SHANGHAI (AP) _ Semiconductor Manufacturing International Corp. (SMI) on Tuesday reported fourth-quarter earnings of $104 million.

On a per-share basis, the Shanghai-based company said it had net income of 11 cents.

The chip manufacturing company posted revenue of $814.8 million in the period.

SMIC shares have decreased 7 percent since the beginning of the year. The stock has increased 74 percent in the last 12 months.


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Keywords: SMIC, Earnings Report