SK Hynix Posts Q3 Net Profit
South Korean SK Hynix (OTC: HXSCL) reported a narrower Q3 operating loss.
SK Hynix posted a quarterly operating loss of 15.1 billion won (US$13.7 million), versus a year-ago loss of KRW277 billion. However, analysts were expecting an operating loss of KRW77 billion.
It posted a net profit of KRW2 billion ($1.8 million), versus a year-ago net loss of KRW563 billion. SK Hynix's sales gained 5.8% to KRW2.423 trillion from KRW2.291 trillion.
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