TOKYO, March 17 Elpida Memory 6665.T is
expected to return to the black with an operating profit of
almost 20 billion yen ($222 million) for the year ending this
month, buoyed by a recovery in DRAM chip prices, the Nikkei
business daily reported on Wednesday.
Elpida is expected to post an operating profit of 16.5
billion yen for the current financial year, according to a poll
of 19 analysts by Thomson Reuters I/B/E/S.
DRAM prices are currently around $2.5 for 1 gigabit products,
up from around $1 about a year ago, the newspaper said.
Elpida, the No.1 Japanese maker of DRAM chips, reported an
operating loss of 147 billion yen last business year, remaining
in the red for a second straight year.
(Reporting by Yumiko Nishitani; Editing by Edwina Gibbs)