Reuters
24 Apr 2008
SAN FRANCISCO, April 24 (Reuters) - Contract chip maker Chartered Semiconductor Manufacturing Ltd (CSMF.SI: Quote, Profile, Research)(CHRT.O: Quote, Profile, Research) posted a 62 percent drop in quarterly profit on Thursday as demand for video game consoles, personal computers and communication equipment weakened.
The Singapore-based company posted a first-quarter net profit of $2.4 million, or nil per diluted American Depositary Share (ADS), compared with a net profit of $6.3 million, or 2 cents per ADS, in the year-ago period.
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