SK Hynix profits fall 69% in Q1
- 5 years ago
SK하이닉스 1분기 영업이익 3분의 1 수준 급감
Profits at the world's second biggest memory chip maker, SK hynix plunged by than two-thirds in the first quarter on falling prices and weaker demand.
SK hynix says its profits came to 1-point-two billion U.S. dollars between January and March, down 69 percent on-year, making it the lowest figure in more than two years.
Revenue dropped 22 percent.
The company said, however, that it expects recovery in memory chips later this year due to rising demand from data centers.
Profits at the world's second biggest memory chip maker, SK hynix plunged by than two-thirds in the first quarter on falling prices and weaker demand.
SK hynix says its profits came to 1-point-two billion U.S. dollars between January and March, down 69 percent on-year, making it the lowest figure in more than two years.
Revenue dropped 22 percent.
The company said, however, that it expects recovery in memory chips later this year due to rising demand from data centers.