Industry woes lump SK Hynix with net loss in first quarterSK Hynix Semiconductor said yesterday it swung to a net loss in the first quarter due to an industry-wide slump that hurt sales and prices.
Its net loss amounted to 271.2 billion won ($238.7 million) in the January-March period, a turnaround from a profit of 273.5 billion won a year earlier, the company said in a regulatory filing.
Sales dropped 14.5 percent on-year to 2.38 trillion won in the first quarter, while the company posted an operating loss of 259.9 billion won.
More in Industry
No dial tone for 2G services on LG U+ starting in June
Ironing out an air corridor took decades
Kia reinvents itself, promising 'movement that inspires'
Hanwha Energy teams up with France's Total in U.S.
Scatter Lab investigated, but not for odd messages