(PR) SK Hynix Inc. Reports First Quarter 2019 Results
SK Hynix Inc. on the present time announced financial outcomes for its first quarter 2019 ended on March 31, 2019. The consolidated first quarter revenue was as soon as 6.77 trillion won whereas the working profit amounted to 1.37 trillion won and the net income 1.1 trillion won. Running margin for the quarter was as soon as 20% and in finding margin was as soon as 16%.
Thanks to a quicker-than-expected tag decline and lower shipments due to slowing reminiscence demand, the revenue and the working profit within the first quarter fell by 32% and sixty 9%, respectively, quarter-over-quarter (QoQ). As a consequence of seasonal slowdown and conservative server purchases, DRAM bit shipments decreased by 8% QoQ. The unique selling tag dropped by 27%. For NAND Flash, the unique selling tag decreased by 32% due to high stock phases and intensifying competition among suppliers. The bit shipments declined by 6% QoQ.