FILE PHOTO: The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji
October 26, 2021
By Joyce Lee and Heekyong Yang
SEOUL (Reuters) -SK Hynix posted its highest quarterly operating profit since 2018 as demand for server and mobile memory chips remained solid, offsetting a slowdown in personal computer sales as COVID-19 lockdowns eased.
The world’s second-biggest memory chipmaker, which serves customers including Apple Inc, said on Tuesday that operating profit rose to 4.2 trillion won ($3.57 billion) in the July-September quarter, up from 1.3 trillion won a year earlier.
That compares with a Refinitiv Smartestimate of a 4.1 trillion won profit, based on polling from 18 analysts. The Smartestimate gives more weight to consistently accurate analysts.
Third quarter revenue rose 45% on-year to 11.8 trillion won.
($1 = 1,177.2300 won)
(Reporting by Joyce Lee and Heekyong Yang; Editing by Sam Holmes and Christopher Cushing & Shri Navaratnam)
Source: One America News Network
