SK hynix logs quarterly losses for 4th consecutive quarter

SK hynix Inc. said Thursday it posted losses for the fourth consecutive quarter in the third quarter of this year but recovering demand for high-performance products helped narrow its operating deficit.
The world's second-largest memory chip maker said in a regulatory filing its operating losses amounted to 1.79 trillion won ($1.32 billion) for the July-September period on a consolidated basis, compared with a profit of 1.67 trillion won a year ago.
Net losses came to 2.18 trillion won, plunging from a net profit of 1.1 trillion won a year earlier. Sales fell 17.5 percent to 9.06 trillion won.
The loss was 74.3 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
SK hynix said sales of its flagship products, including the AI memory HBM3 and high-capacity mobile DRAM, led to a 24 percent on-quarter increase in sales and a 38 percent decrease in operating loss.
"As market demand for our high-performance memory products continued to grow, our operating performance has steadily improved after hitting the bottom in the first quarter," the company said in a statement.
"Most importantly, our D-RAM business, which swung to the red in the first quarter of this year, turned back to profitability after two quarters." (Yonhap)
相关文章
LS Materials to tap deeper into EV, green energy markets
LS Materials, a South Korean energy storage device manufacturer, said on Tuesday the firm will furth2023-11-30Seoul subway workers vote for strike plan
The possibility of a strike became reality, as a majority of Seoul Metro union members voted for a g2023-11-30- 윤석열 대통령이 16일 오전 서울 용산구 대통령실 청사 앞 어린이정원에서 열린 제63차 수석비서관회의를 주재하고 있다. [사진 대통령실]“총알도 없고, 손발도 묶인 상황이다.” 12023-11-30
Cast of ‘Norma’ says opera difficult to sing but easy to enjoy
Director Alex Olle's production of “Norma,” which premiered to open the 2016 season at the Roya2023-11-30Hanwha Ocean developing submarine stealth technology
Hanwha Ocean is leading a government research project on defense and security technology for buildin2023-11-30Seoul subway workers vote for strike plan
The possibility of a strike became reality, as a majority of Seoul Metro union members voted for a g2023-11-30
最新评论