ID :
27496
Thu, 10/30/2008 - 16:39
Auther :
Shortlink :
https://www.oananews.org//node/27496
The shortlink copeid
Hynix Q3 net loss widens on lower prices
SEOUL, Oct. 30 (Yonhap) -- South Korea's Hynix Semiconductor Inc., said Thursday its net loss widened sharply in the third quarter on lower chip prices and increased costs.
Net loss amounted to 1.65 trillion won (US$1.2 billion) in the July-September
period, compared with 707 billion won three months earlier, the company said in a
statement. Hynix reported a fourth-straight quarterly loss.
Sales gained 1 percent from the previous quarter to 1.87 trillion won, but Hynix
posted an operating loss of 463 billion won, compared with a 183 billion won
shortfall the previous quarter.
Despite the worsened bottom line, shares of Hynix rose 6.51 percent to 9,980 won
as of 9:06 a.m. on the Seoul bourse.
In September, the South Korean company began cutting its NAND flash output by
some 30 percent as part of measures to cope with falling profitability amid a
global glut.
Net loss amounted to 1.65 trillion won (US$1.2 billion) in the July-September
period, compared with 707 billion won three months earlier, the company said in a
statement. Hynix reported a fourth-straight quarterly loss.
Sales gained 1 percent from the previous quarter to 1.87 trillion won, but Hynix
posted an operating loss of 463 billion won, compared with a 183 billion won
shortfall the previous quarter.
Despite the worsened bottom line, shares of Hynix rose 6.51 percent to 9,980 won
as of 9:06 a.m. on the Seoul bourse.
In September, the South Korean company began cutting its NAND flash output by
some 30 percent as part of measures to cope with falling profitability amid a
global glut.
