SK Hynix’s first-quarter results are expected to set a new record

Golden Ten Data, April 22｜SK Hynix is scheduled to announce its first quarter results on Thursday. According to the average forecast compiled by FactSet, the net profit of this Korean memory chip manufacturer for the quarter ending in March is expected to more than double year-on-year, reaching a record 28.109 trillion Korean won (equivalent to $18.96 billion). Revenue for the quarter may also double year-on-year, reaching a record 50.531 trillion Korean won, and operating profit is expected to reach a record 35.765 trillion Korean won. Since the beginning of this year, the company's stock price has risen nearly 90%.