SK Hynix increased its net profit by 324%
Company SK Hynix reported for the first quarter of the 2017 financial year, which ended March 31.
Consolidated revenue of the company amounted to approximately 5.5 billion dollars, having increased in annual terms by 72%, and quarter over quarter by 17%. Operating profit grew by 339%, reaching $ 2.2 billion.
Net profit also grew significantly: at 324%, to 1.66 billion dollars. The manufacturer explains these showed favourable market conditions and higher prices for their products.
While the supply of DRAM QoQ decreased by 5%, but the average sale price increased by 24%. The supply of NAND flash decreased by 3%, but the average sale price also increased by 15%.