SK Hynix Q1 Operating Profit 800.3 Billion KRW... Highest Since Q1 Last Year (Update)
[Asia Economy Reporter Dongwoo Lee] SK Hynix announced on the 23rd that its preliminary sales for the first quarter amounted to 7.1989 trillion KRW, with an operating profit of 800.3 billion KRW.
Sales increased by 6.3% compared to the first quarter of 2019 (6.7727 trillion KRW) and by 3.9% compared to the previous quarter (6.9271 trillion KRW).
Operating profit decreased by 41.4% compared to the same period last year (1.3665 trillion KRW), but increased by 239.1% compared to the previous quarter (236 billion KRW).
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Sales for the first quarter significantly exceeded the securities firms' average forecast of 6.868 trillion KRW, and operating profit also surpassed the forecast of 509.1 billion KRW, marking an earnings surprise.
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