Trade Resources Economy SK Hynix Has Reported Revenues of KRW2.7 Trillion for The Fourth Quarter of 2012

SK Hynix Has Reported Revenues of KRW2.7 Trillion for The Fourth Quarter of 2012

Net income was $151m for the quarter.

South Korean chipmaker, SK Hynix, has reported revenues of KRW2.7 trillion ($2.4bn) for the fourth quarter of 2012, up 6%, compared to KRW2.5 trillion ($2.3bn) it reported in the corresponding quarter in 2011.

The company posted a net income of KRW164bn ($151m) for the quarter, compared to a net loss of KRW240bn ($221m) for the same period last year.

Operating profit was KRW55bn ($50m) for the quarter, compared to an operating loss of KRW106bn ($97m) for the same period in the corresponding year.

DRAM bit shipment increased 28% in the quarter, but the average selling price declined 10%.

The company said that the growth in DRAM bit shipment was driven by strong demand of mobile and server products and increased sales of low-price tablets in emerging markets.

The bit shipment for NAND Flash increased 19% in the quarter and the average selling price also rose 6%.

SK Hynix said the growth in NAND Flash bit shipment was due to release of new smartphones, tablets and the increase in Chinese smartphone market.

Source: http://microelectronics.cbronline.com/news/sk-hynix-q4-revenue-rises-on-strong-chip-demand-300113
Contribute Copyright Policy
SK Hynix Q4 Revenue Rises on Strong Chip Demand