SK hynix’s Q2 profit may set a record, and the combined profits of Korea’s two leading memory chipmakers are expected to exceed 150 trillion won

PANews July 26, according to Jinshi, SK hynix will release its second-quarter results on the 29th. Following Samsung Electronics, SK hynix is also expected to see its second-quarter profit this year hit a new high. Based on reports from 14 brokerages in the past month compiled by South Korea’s financial information agency Yonhap Infomax, SK hynix’s second-quarter revenue and operating profit are expected to be 84.0597 trillion KRW and 64.0899 trillion KRW, respectively. The expected operating profit for the second quarter is about 17 trillion KRW higher than the operating profit of 47.2 trillion KRW for the whole of last year. Adding the operating profit of 37.6103 trillion KRW in the first quarter of this year, SK hynix’s operating profit for just the first half is set to exceed 100 trillion KRW. Earlier this month, Samsung Electronics also released a preliminary earnings report, with its DS division performing strongly and operating profit reaching 89.4 trillion KRW. If SK hynix’s results meet market expectations, the two companies’ combined operating profit in the second quarter will exceed 150 trillion KRW.