SK Hynix Posts Q4 Profit

SK Hynix

posted a profit in the fourth quarter. SK Hynix posted a quarterly net profit of 163.7 billion South Korean won ($151 million), versus a year-ago net loss of KRW239.9 billion. However, analysts were expecting a net profit of KRW93.6 billion. It posted an operating profit of KRW55.0 billion, versus a year-ago operating loss of KRW106.5 billion. Its sales climbed 6.5% to KRW2.72 trillion.