SKY Hynix recorded the highest quarterly performance in the third quarter. It is forecast to continue on the favorable trend in the fourth quarter with a satisfactory trend of the DRAM and NAND Flash businesses.

Having embarked on the mass-production of a next-generation product 10 nano triple level cell (TLC) NAND Flash and expansion of the mid-20 nano DDR4 DRAM production, the company is aiming for strengthening its market dominance.

SK Hynix (CEO: Park Seong-wuk) announced on the 23rd that it had achieved the highest performance in all business areas by recording KRW 4.312 trillion, KRW 1.301 trillion and KRW 1.095 trillion in sales, operating incomes and net incomes respectively in the third quarter. From the same period last year, sales and operating incomes increased by 6% and 12% respectively and net incomes improved by as much as 14%. As for the operating profit to sales ratio, it climbed to the 30% mark, which is difficult to be achieved by manufacturing companies.

SK Hynix explained the key reasons for the improved performance are the profitability improvement as a result of expansion of micro processes and an increase in the weight placed on value-added products as well as that the demand ？ supply balance has been adjusted while the market demand for DRAM and NAND Flash has increased.

A company source emphasized that SK Hynix would continue on the trend of growth by expanding new products applied with new technologies and keeping the demand ？ supply balance next year following the fourth quarter