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SK hynix posts record Q3 profit, boosts shareholder returns
SK hynix reported record third-quarter earnings on Oct. 28, with operating profit of 83.33 trillion won ($62.8 billion) and revenue of 104.6 trillion won ($75.25 billion), its first quarter above 100 trillion won, driven by AI semiconductor demand. The company also announced an additional 60 trillion won ($44.7 billion) in shareholder returns, bringing its total return plan for the year to 100 trillion won ($75 billion), to address the gap between its share price and earnings. Seoul stocks rose nearly 6% Wednesday morning on the news, led by chipmakers, Yonhap and Korea Times report.
- SK hynix logs record Q3 operating profit of $62.8 bil.
- SK hynix Posts Record 104.6 Trillion Won in Quarterly Revenue, Unveiling 100 Trillion Won Shareholder Return Plan
- SK hynix Announces 60 Trillion Won in Additional Shareholder Returns
- SK hynix pledges to return $75 bil. to shareholders
- Seoul stocks up nearly 6% Wednesday morning on SK hynix earnings
