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SK hynix’s second-quarter profit may set a record, and the combined profit of South Korea’s two leading storage makers is expected to exceed 1.5 trillion won
Deep Tide TechFlow news: On July 26, SK hynix will release its Q2 results on the 29th. After Samsung Electronics, SK hynix’s Q2 profit this year is also expected to hit a new high.
According to reports issued by 14 brokerage firms over the past month, compiled by Yonhap Infomax of the Korea Financial Information Service, SK hynix’s Q2 revenue and operating profit are expected to be 84.0597 trillion KRW and 64.0899 trillion KRW, respectively. The expected Q2 operating profit is about 17 trillion KRW higher than the operating profit for the full year of 47.2 trillion KRW from last year. With the addition of this year’s first-quarter operating profit of 37.6103 trillion KRW, SK hynix’s operating profit for just the first half will exceed 100 trillion KRW.
Earlier this month, Samsung Electronics also released a preliminary earnings report. Its DS division performed strongly, with operating profit reaching 89.4 trillion KRW. If SK hynix’s performance meets market expectations, the combined operating profit of the two companies in Q2 will exceed 150 trillion KRW.