Hynix swings to black in Q4 on chip price hike

By Lee Youkyung
SEOUL, Jan. 21 (Yonhap) -- Hynix Semiconductor Inc., the world's second-largest
memory chipmaker, said Thursday that it returned to profit in the fourth quarter
of last year from a year earlier thanks to a rise in chip prices.

Net profit reached 657 billion won (US$578 million) in the October-December
period, compared with a net loss of 1.69 trillion won a year ago, Hynix said in a
regulatory filing. The fourth-quarter net income nearly tripled from the previous
quarter, it added.
Sales surged 85 percent on-year to 2.8 trillion won over the cited period, while
operating profit came to 708 billion won, the company said.
ylee@yna.co.kr
(END)