Net income of SK Hynix over the past year increased by 763%
Company SK Hynix has reported the results of its activities during the second quarter of the current fiscal year, which ended for her on 30 September 2017.
Total income for the quarter was 5.93 billion, which is 6% higher than the previous quarter, and by as much as 70% more than the same period last year.
The operating profit of SK Hynix amounted to 2.7 billion dollars, 24% more than last quarter. If compared with the same quarter a year earlier, the growth amounted to 574%.
Net income of SK Hynix over the past year increased by an even more impressive 763% to $ 2.2 billion. Compared to the previous quarter, net income increased by 30%.
Over the last quarter shipments of DRAM increased by 3%, while the average price increased by 11% due to the high demand from server manufacturers. As for NAND flash, the supply dropped by 6%, but the average price increased by 8%.