News
SK Hynix’s 2020 net profit is 137% higher than 2019
SK Hynix has published a report for the fourth quarter of 2020 and for the year as a whole.
The report said revenue for the quarter was $ 7.12 billion. This is 15% more than in the fourth quarter of 2019. Operating income in the fourth quarter of 2020 was $ 0.86 billion, up 298%, or nearly four times, from the fourth quarter of 2019. The operating margin, also known as the operating profit margin, increased from 4% to 12%. The quarter brought one of the largest manufacturers of memory chips a net profit of $ 1.58 billion. By comparison, the company suffered a net loss of $ 0.11 billion in the fourth quarter of 2019.
SK Hynix’s revenue for the full year of 2020 was $ 28.54 billion. This is an 18% increase compared to 2019. Operating profit increased by 84% compared to 2019 and reached $ 4.48 billion. Operating margin increased from 10% to 16%, with net income of $ 4.26 billion for the year. This is 137% more than the value given in the 2019 report.
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