Sk hynix presents its third quarter results

We are at the time when many companies present their quarterly results. This is also the case for SK hynix, which has presented the results for the third quarter of this year. Despite the fact that demand for chips was better in the third quarter of this year, the company's profits have decreased this time. So they have a downside too.

SK hynix presents its third quarter results

The firm's operating profit fell in this case to 473 billion won. It was a 26% drop, mainly due to the increase in DRAM costs that could not be covered by sales.

Official results

Sales increased, since as they say from SK Hynix, the demand for chips is increasing again, something that is expected to continue in the last months of the year as well. In addition, the price drops of many chips have been less than in the second quarter of the year, which also denotes that there is some recovery in the market, to a certain extent.

The company is optimistic for the coming quarters. This is something that has also been seen on the South Korean stock exchange, where the firm operates. Since after the publication of its results the shares of the firm have risen slightly.

SK Hynix is ​​the world's second largest chip maker. Although for many he is a great unknown, he is an important player in the market. The results are not the best, although there are clear improvements compared to the second quarter and it seems that this upward trend will repeat itself in the last quarter of the year.

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