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SK Hynix Q2 profit down 2.7 pct vs year ago
July 23, 2014 / 11:41 PM / in 3 years

SK Hynix Q2 profit down 2.7 pct vs year ago

SEOUL, July 24 (Reuters) - South Korea’s SK Hynix Inc said on Thursday its second-quarter operating profit dipped 2.7 percent from a year earlier, as firm sales of memory chips were countered by the strength of the South Korean won .

The world’s second-largest memory chipmaker reported 1.1 trillion won ($1.07 billion) in operating profit for the April-June period, matching the mean forecast in a poll of 34 analysts by Thomson Reuters I/B/E/S.

The firm had guided for a significant pickup in shipments of both DRAM and NAND chips in the second quarter, buoyed by firm demand for personal computers and server-related products, as well as the launch of new smartphones during the quarter.

$1 = 1023.7000 Korean Won Reporting by Se Young Lee; Editing by Stephen Coates

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