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[July 20, 2014]
SMIC (00981) revises up 2Q gross margin forecast to 27-29% [ET Net News (China)]
(ET Net News (China) Via Acquire Media NewsEdge) [ET Net News Agency, 21 July 2014] Semiconductor Manufacturing International Corporation (SMIC) (00981) said it has revised its gross margin guidance for the three months ended 30 June 2014 upward to 27% to 29% from the original guidance of 22% to 24%.
Gao Yonggang, the Chief Financial Officer of SMIC, said since the release of the second quarter gross margin guidance, SMIC has seen an increase in utilization and improved expense control, exceeding its earlier expectations. Meanwhile, the company maintains its original revenue and non-GAAP operating expenses guidance for the second quarter of 2014.
Its actual results for the three months ended 30 June 2014 will be published on 6 August. (HL) (c) 2014 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
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