Chipmaker SK Hynix posts record third-quarter profit
SEOUL (Reuters) – South Korea’s SK Hynix Inc posted record third-quarter operating profit on Thursday, beating expectations thanks to a seasonal sales boost for mobile devices and strong server demand.
FILE PHOTO: The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo/File Photo
The world’s second-biggest memory chipmaker behind Samsung Electronics Co Ltd said July-September profit rose 73 percent year-on-year to 6.5 trillion won ($ 5.7 billion). That compared with a 6.3 trillion won average forecast drawn from 19 analysts, according to Refinitiv data.
Reporting by Ju-min Park and Heekyong Yang; Editing by Stephen Coates