SK Hynix has achieved record pre-tax profit and corporate tax figures following a strong second quarter.
On July 29, SK Hynix announced that its pre-tax profit for the second quarter reached 122.7 trillion won, marking the highest quarterly figure in the history of the KOSPI for a single company. This figure more than doubles the pre-tax profit of 58.8 trillion won reported by Samsung Electronics in the previous quarter.
The record pre-tax profit was significantly influenced by operating income exceeding 62.1 trillion won. This includes proceeds and valuation gains from the sale of SK Hynix's stake in Japanese semiconductor firm Kioxia (formerly Toshiba Memory), which were reflected in the second quarter's non-operating income.
As a result of the astronomical pre-tax profit, SK Hynix's corporate tax expense also reached an all-time high, calculated at 28.8 trillion won. This represents a 1,567% increase compared to the same period last year.
This amount is more than double the corporate tax of 11.6 trillion won reported by Samsung Electronics in the first quarter, making it the highest quarterly tax amount among domestic companies.
With substantial pre-tax profits and cash reserves, SK Hynix plans to accelerate the establishment of its next-generation high-bandwidth memory (HBM) production system.
SK Hynix stated, "We will aggressively pursue proactive facility investments, including the early operation of the Cheongju M15X and the first phase of the Yongin semiconductor cluster."
* This article has been translated by AI.
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