SEOUL Jan 28 South Korea's SK Hynix Inc
ended its two consecutive quarters of record high
earnings on Tuesday, as a rally in computer memory chip prices
have started to ease and production remained tight following a
fire at its plant in China.
The world's second-biggest memory chipmaker reported 785
billion won ($724 million) in October-December operating profit,
broadly in line with analysts' consensus forecast of 780 billion
expected by Thomson Reuters I/B/E/S.
The result compares with a 55 billion won profit a year ago
and a record 1.16 trillion won profit in the previous quarter.
Contract prices of dynamic random access memory (DRAM) chips
dropped 3 percent in the first half of January, according to
price tracker DRAMeXchange.com.
Hynix is hoping a gradual recovery in production from the
damaged Chinese plant, which manufactured 15 percent of global
DRAM chips before the blaze in September, will help cushion the
impact of weakening chip prices and win back market share from
The Apple Inc supplier competes with market leader
Samsung Electronics Co Ltd, Japan's Toshiba Corp
and U.S.-based Micron Technology Inc.
($1 = 1083.7000 Korean won)
(Reporting by Miyoung Kim; Editing by Bernard Orr)