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SMIC Reverts Up ~2% after Opening Lower; Last FY Rev. Hits New High
Recommend 8 Positive 19 Negative 11 |
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SMIC (00981.HK) opened 2.28% lower today, bottoming at HKD49.2. It last printed at HKD51.35, up 1.99%, with a trading volume of 10.0689 million shares and a turnover of HKD510 million. The company had announced its FY2024 results after the market closed yesterday (27th). For the year ending December 31, revenue hit a record high of USD8.03 billion, a YoY hike of 27%. Net profit was USD493 million, down 45.4% YoY, with EPS at USD6 cents. No dividend was declared, with undistributed profits primarily allocated to capacity expansion and the development of the company’s core business. AAStocks Financial News |
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