Seoul, July 23, 2015
SK hynix Inc. (or ‘the Company’, www.skhynix.com) today announced financial results for its second quarter 2015 ended June 30, 2015.
The Company posted the consolidated second quarter revenue of 4.6 trillion won decreased 4% from 4.8 trillion won of the previous quarter due to declined PC demand. However, year-on-year the revenue rose 18% as well as operating profit totaled 1.38 trillion won increased 27% thanks to steady demand for server and mobile applications. Net income amounted to 1.1 trillion won with net margin of 24% reflecting income tax expenses.
Over the previous quarter, DRAM and NAND Flash bit shipments increased 4% and 8% but the average selling price slipped 8% and 6% respectively.
SK hynix is planning to expand the proportion of DDR4 and LPDDR4 to meet rising demand of those DRAM interfaces. Meanwhile, the portion of DDR3 will be reduced.
For NAND Flash, SK hynix will increase the production ratio of 1Xnm TLC and develop 36-layer 3D NAND Flash to gear up for small-scale mass production of it within the third quarter. Plus, the Company will complete the development of 48-layer TLC 3D NAND Flash within this year to prepare for its adoption in NAND solutions including SSD to meet with upcoming market demand of 3D NAND.
FY2015 Q2 Earnings
Consolidated BasisUnit : Billion KRW
| 2015 Q3 | 2015 Q2 | QoQ | 2014 Q3 | YoY | |
| Revenue | 4,639 | 4,818 | -4% | 3,923 | 18% |
|---|---|---|---|---|---|
| Operating Profit | 1,375 | 1,589 | -13% | 1,084 | 27% |
| Operating Profit Margin | 30% | 33% | -3%p | 28% | 2%p |
| Net Income | 1,108 | 1,295 | -14% | 674 | 65% |
※ The financial information of the earnings is written based on K-IFRS.
Please note that the financial results discussed herein are preliminary and speak only as of June 30, 2015. Readers should not assume that this information remains operative at a later time. In addition, this information may include forward-looking statements that involve a variety of risks and uncertainties that could cause actual results to differ materially. For further discussion of these risks and uncertainties, readers should refer to SK hynix Inc.’s filings with the Korea Exchange. This document is neither an offer to sell nor a solicitation of an offer to sell any security of SK hynix Inc.
About SK hynix Inc.
SK hynix Inc., headquartered in Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”), Flash memory chips (“NAND Flash”) and CMOS Image Sensors (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK hynix is available at www.skhynix.com.
