April 27, 2024

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[THE INVESTOR] SK hynix said on July 26 its second-quarter net profit advanced 75.4 percent from a year earlier.

Net profit reached 4.3 trillion won (US$3.84 billion) in the April-June period, compared with 2.4 trillion won posted a year earlier, SK hynix said in a regulatory filing.

Operating profit moved up 82.7 percent over the cited period to 5.5 trillion won, SK hynix added. Sales also jumped a whopping 55 percent to 10.3 trillion won.

The second-quarter report came in line with the market’s consensus. Korea’s 19 brokerage houses expected SK hynix to post an operating profit of 5.3 trillion won, along with sales of 10.2 trillion won.

It marked the first time for SK hynix to post a quarterly operating profit above 5 trillion won.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)