SK hynix Q2 net profit surges 1,242.5% to 93.92 trillion won

Key facts

• SK hynix's second-quarter net profit reached 93.92 trillion won.
• This represents a 1,242.5% increase compared to the same period last year.
• Operating income for the quarter was 60.54 trillion won, up 557.2% year-over-year.
• Sales grew by 256.8% to 79.31 trillion won.
• The reported earnings exceeded the average net profit estimate from analysts.

SK hynix Inc. announced on Wednesday a significant surge in its second-quarter net profit, reaching 93.92 trillion won (US$64.6 billion). This figure represents a substantial increase of 1,242.5 percent compared to the same period in the previous year.

The South Korean memory chip giant also reported robust growth in its operating income, which climbed 557.2 percent year-on-year to 60.54 trillion won. Sales for the April-June period saw a remarkable jump of 256.8 percent, totaling 79.31 trillion won.

These earnings figures surpassed market expectations, as a survey by Yonhap Infomax indicated that analysts had, on average, estimated the net profit to be 60.82 trillion won.