SK Hynix posts Q1 surge in net profit

Workers of Hynix Semiconductor pose at a plant of the company in Icheon, about 80km southeast of Seoul. The world's second largest memory chipmaker said net profit in the January-March period totalled 802.2 billion won (US$771.7mil), compared to 178.7 billion.

SEOUL: South Korea's SK Hynix Inc said Thursday its first quarter net profit surged nearly 350% from the previous year on a spike in sales of PC memory chips.

The world's second largest memory chipmaker said net profit in the January-March period totalled 802.2 billion won (US$771.7mil), compared to 178.7 billion won a year earlier.