SK Hynix’s Q2 profit may reach a record high, with combined profit of Korea’s two major memory chipmakers expected to exceed 150 trillion KRW

According to Odaily, SK Hynix will announce its second-quarter results on the 29th. Following Samsung Electronics, SK Hynix's profitability in the second quarter of this year is also expected to reach a record high. Based on reports released over the past month by 14 securities firms compiled by South Korean financial information provider Yonhap Infomax, SK Hynix's second-quarter revenue and operating profit are expected to reach 84.0597 trillion won and 64.0899 trillion won, respectively. The second-quarter operating profit projection is about 17 trillion won higher than the full-year 47.2 trillion won operating profit achieved last year. With the 37.6103 trillion won in operating profit from the first quarter of this year, SK Hynix's operating profit alone will exceed 100 trillion won in the first half of the year.

Earlier this month, Samsung Electronics also released a preliminary financial report, showing strong performance in its DS division, with operating profit reaching 89.4 trillion won. If SK Hynix's results meet market expectations, the combined operating profit of the two companies in the second quarter will exceed 150 trillion won. (Golden Ten Data)