SEOUL, South Korea (AP) — SK Hynix said Thursday its fourth quarter net profit doubled from a year earlier to a record high and forecast that robust demand for chips would continue this year.
South Korea’s second-largest chipmaker said its October-December earnings jumped to 3.2 trillion won ($3 billion) from 1.6 trillion won a year earlier. Its quarterly sales and operating profit were also at the highest levels in the company’s history. Quarterly sales surged 69 percent to 9 trillion won ($8.5 billion) while operating profit more than doubled to 4.5 trillion won ($4.2 billion).
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