By Che Pan and Brenda Goh
BEIJING (Reuters) -Semiconductor Manufacturing International Corp ,China’s largest contract chip maker, reported on Thursday a 19.5% year-on-year decline in second-quarter profit.
Profit attributable to owners of SMIC reached $132.5 million in the June quarter, missing analysts’ estimates of $183.35 million, according to LSEG data.
Revenue rose 16.2% to $2.2 billion, in line with market expectations of $2.2 billion, according to LSEG.
(Reporting by Che Pan and Brenda Goh, Editing by Louise Heavens)