(TRADINGNEWSBULLETIN.COM, April 27, 2011 ) Vancouver, BC-- Semiconductor Manufacturing International Corporation is a semiconductor foundry, which operates through its subsidiaries. The Company operates three eight-inch wafer fabrication facilities in its Shanghai mega-fab located in the Zhangjiang High-Tech Park in Shanghai, China, an eight-inch wafer fab in Tianjin, China and a 12-inch wafer fab in its Beijing mega-fab located in the Beijing Economic and Technological Development Area in Beijing, China. In addition, SMIC has a 12-inch fab in Shanghai engaged primarily in research and development activities, and an eight-inch fab under construction in Shenzhen.

According to results shown in pie chart, it appears that revenue has increased up to $410.08 million in quarter ended as of September 30, 2010. The Largest revenue was in the third quarter of the year which has increased by 16 percent as compared to first quarter of the year. Semiconductor demonstrated steady results throughout year. It started with lower revenue and increased in second quarter and again closed with highest revenue for the year.

Semiconductor generated net income of $30.44 million in current quarter which is noticeably less than last quarter's ending net income of $96.04 million. Moreover, net income has decreased that resulted in lower EPS for the current quarter as compared to last quarter's ending.

The company's cash flow from operation has increased up to $445.98 million. It was $320.81 million in last ending quarter. Higher CFO shows that company is generating more cash than its expenses... read more: http://www.tradingnewsbulletin.com/2011/04/semiconductor-manufacturing-intl-adr-nysesmi-strong-financials-explained/



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