SKorea's Hynix finally swings to profit

October 23, 2009

South Korea's Hynix Semiconductor, the world's second largest memory chip maker, Friday announced a profit for the third quarter after seven straight quarters of losses.

Net profit was 246.3 billion won (207 million dollars) in July-September compared to a net loss of 1.67 trillion won a year earlier, the company said in a statement which cited a faster than expected market recovery.

Operating was 209.3 billion won against a loss of 465 billion a year earlier. Sales rose 15 percent year-on-year to 2.118 trillion won.

All figures are on a consolidated basis, including overseas operations.

(c) 2009 AFP

Explore further: Hynix reports sixth straight quarterly loss

Related Stories

Hynix reports sixth straight quarterly loss

April 24, 2009

South Korea's Hynix Semiconductor, the world's second-largest computer memory chipmaker, Friday reported a sixth straight quarterly loss due to weak chip prices sparked by a global recession.

LG Electronics posts record Q2 earnings

July 22, 2009

South Korea's LG Electronics Wednesday reported a record quarterly net profit, boosted by brisk sales of flat panel televisions and mobile phones.

Samsung announces earnings estimate

July 6, 2009

(AP) -- Samsung Electronics Co., the world's biggest manufacturer of memory chips, announced quarterly earnings estimates for the first time Monday, saying it hopes to reduce market confusion and speculation about its performance.

Samsung Electronics reports 72% profit slump

April 24, 2009

South Korea's Samsung Electronics, the world's top computer memory chipmaker, has announced its first-quarter net profit fell 72 percent year-on-year as poor demand depressed prices.

Samsung expects strong 3rd-quarter profit

October 6, 2009

(AP) -- Samsung Electronics Co. said Tuesday that profit likely surged in the third quarter on higher sales, amid a brightening outlook for the world's largest manufacturer of computer memory chips and flat screen televisions.

Recommended for you

Enhancing solar power with diatoms

October 20, 2017

Diatoms, a kind of algae that reproduces prodigiously, have been called "the jewels of the sea" for their ability to manipulate light. Now, researchers hope to harness that property to boost solar technology.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.