SK hynix's headquarters in Icheon, Gyeonggi Province / Yonhap
SK hynix on Thursday posted operating profit of 37.61 trillion won ($25.42 billion) for the first quarter, nearly doubling the previous record set just three months earlier.
In its regulatory filing, the chipmaker said sales and operating profit stood at 52.58 trillion won and 37.61 trillion won during the January-March period, respectively, up 198 percent and 405.5 percent from a year earlier.
The operating margin stood at 72 percent, far outpacing the 58 percent posted by Taiwan’s TSMC in the first quarter, widely considered the industry benchmark for profitability.
This marks a new quarterly earnings record for the company, surpassing its previous all-time high set in the fourth quarter of last year — 32.83 trillion won in sales and 19.17 trillion won in operating profit.
Source: Korea Times News
