SK Hynix reports drop in Q2 profit
South Korea’s memory chip giant SK Hynix reported a 67.1 percent drop in its secondquarter operating profit due to lower prices of memory chips, a regulatory filing showed. Operating profit amounted to 452.9 billion won ($397 million) in the second quarter. Its profit was down 19.4 percent from a quarter earlier. The company’s profit hovered above 1 trillion won for seven straight quarters through the third quarter of last year, but it declined to 989 billion won in the fourth quarter, before falling below 600 billion won in the first quarter and 500 billion won in the second quarter. lion), Puma said onWednesday, beating analysts’ average expectation of 10.6 million euros. Sales rose 7 percent to 827 million euros.