Seoul, J Jul 29 (UNI) Chip-maker SK hynix Inc said on Wednesday that it logged record quarterly sales and the best second-quarter operating profits in four years, driven by the sales of NAND flash and positive currency effects. The world’s second-largest memory chip maker reported its second-quarter net income of $2.2 billion, up 44.7 percent from a year earlier, despite unfavorable business conditions, like inflation, the Russia-Ukraine war, and China’s Covid-19 lockdowns.
Operating profit for the April-June period rose 55.6 percent on year to 4.19 trillion won, the highest since 2018, the company said in a regulatory filing, reports Yonhap news agency. Revenue rose 33.8 percent to an all-time high of 13.81 trillion won. The earnings beat market expectations.
