Press Release

SK hynix Inc. Reports Second Quarter 2012 Results

By July 26, 2012 December 7th, 2020 No Comments

The financial information of the earnings in this press release is written based on K-IFRS.

Seoul, July 26, 2012

SK hynix Inc. (or ‘the Company’, today announced financial results for its second quarter 2012 ended June 30, 2012.

The Company posted the consolidated second quarter revenue of 2.63 trillion won increased 10% from 2.39 trillion won of the previous quarter. Operating profit was 23 billion won with operating margin of 1%, turning around after 3 consecutive quarter losses. Net loss for the quarter was 53 billion won and it was negatively impacted by interest expense and net foreign currency translation loss.

During the quarter, both DRAM bit shipments and the average selling price increased 7%. For NAND Flash, the bit shipments increased 9% while the average selling price declined 19%.

Although NAND Flash price declined due to weak seasonal demand in the market, the Company recorded the increased revenue during the quarter thanks to relatively solid DRAM and MCP sales. Especially, the price of PC DRAM increased with the market expectations of the industry restructuring and that of non-PC DRAMs was stabilized.

Also, a process technology migration and the yield improvement contributed to improving the profitability in DRAM business. As a result, the operating profit was improved from the operating loss of 260 billion won of the previous quarter.

The Company will improve the profitability by starting the mass production of 20nm class DRAM and expanding the proportion of 20nm NAND Flash to reinforce its cost competitiveness. Particularly, it will enhance its competitiveness in premium products such as mobile DRAM, SSDs (Solid State Drives), e-MMC (embedded Multi Media Card) to actively respond to value-added IT applications. In NAND Flash business, it will rapidly internalize a technology in NAND controllers to advance the product portfolio.

FY2012 Q2 Earnings

Consolidated BasisUnit : Billion KRW

2012 Q2 2012 Q1 QoQ 2011 Q2 YoY
Revenue 2,632 2,388 10% 2,758 -5%
Operating Profit 23 -260 N/A 447 -95%
Operating Profit Margint 1% -11% 12%p 16% -15%p
Net Income -53 -271 80% 473 N/A

※ 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, 2012. 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



Media Contact

SK hynix Inc.
Corporate Communications

Senior Manager
Seong-Ae Park
Phone: +82.2.3459.5325

Heeyoung Son
Phone: +82.2.3459.5316