Print Edition - 2018-01-26  |  Money Digest

SK Hynix’s Q4 net profit doubles to $3b

- - AP, SEOUL

Jan 26, 2018-

SK Hynix said on Thursday its fourth quarter net profit doubled from a year earlier to a record high and forecast that robust demand for chips would continue this year. South Korea’s second-largest chipmaker said its October-December earnings jumped to 3.2 trillion won ($3 billion) from 1.6 trillion won a year earlier. Its quarterly sales and operating profit were also at the highest levels in the company’s history. Quarterly sales surged 69 percent to 9 trillion won ($8.5 billion) while operating profit more than doubled to 4.5 trillion won ($4.2 billion). Makers of semiconductors like SK Hynix have benefited from explosive demand for memory capacity in data centres and servers, while supplies remained tight.

Published: 26-01-2018 08:48

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