Arab Today, arab today sk hynix posts near 30 drop in q2 net profit
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

SK Hynix posts near 30% drop in Q2 net profit

Arab Today, arab today

Arab Today, arab today SK Hynix posts near 30% drop in Q2 net profit

SK Hynix
Seoul - AFP

South Korea's SK Hynix said Thursday its second-quarter net profit tumbled nearly 30 percent from a year ago on falling memory chip prices.
Net profit for the world's second-largest chipmaker amounted to 67.4 billion won ($65.8 million) for April to June, down 29 percent from a year ago.
Operating profit inched down three percent to 108.4 billion won during the same period, the Icheon-based company said in a statement.
Sales remained nearly unchanged at 392.3 billion won.
Hynix said the average selling price of its dynamic random access memory (DRAM) chips, mostly used for computers, fell five percent in the second quarter.
The average price of its NAND flash chips -- used for mobile devices -- also dropped 19 percent although production increased 54 percent.
Global demand for memory chips is expected to grow later this year in emerging markets including China, it said.
Chipmakers are also expected to keep production minimal to ward off a glut that hurt their businesses earlier this year, a combination that will help boost prices later, the company said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sk hynix posts near 30 drop in q2 net profit Arab Today, arab today sk hynix posts near 30 drop in q2 net profit

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sk hynix posts near 30 drop in q2 net profit Arab Today, arab today sk hynix posts near 30 drop in q2 net profit

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday