UPDATED. 2024-05-20 21:44 (월)
SK Hynix records 116% increase in profit in Q1
SK Hynix records 116% increase in profit in Q1
  • Jang Keyung Yun
  • 승인 2022.04.28 14:42
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Image: SK Hynix
Image: SK Hynix

SK Hynix said on Wednesday that it recorded 12.15 trillion won in revenue and 2.85 trillion won in operating profit during the first quarter.

Revenue jumped by 43% from a year ago, while operating profit increased 116% over the same time period.

It is SK Hynix’s best performance for the first quarter to date.

The company said despite it being a low-demand season, memory chip prices dropped lower than expected and revenue from subsidiary Solidigm helped its earnings.

SK Hynix spend 380 billion won to compensate a customer for quality issues with its DRAM and another 100 billion won to set up Solidigm during the quarter, it added.

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