Hynix reports results for Q4 of FY2009

SEOUL, SOUTH KOREA: Hynix Semiconductor Inc. announced the earnings results for its fourth quarter 2009, ended December 31, 2009.

Consolidated sales of the fourth quarter of fiscal year 2009 totaled 2.8 trillion won, increased by 32 percent compared to previous quarter’s 2.12 trillion won. The increase was mainly due to the shipment growth of both DRAM and NAND Flash as well as the average selling price improvement of DRAM.

Quarter-over-quarter, DRAM average selling price and shipment increased by 26 percent and 12 percent, respectively, while NAND Flash experienced average selling price drop of 5 percent with bit growth of 37 percent.

Operating income for the fourth quarter has substantially expanded to 708 billion won from 209 billion won in the previous quarter with operating margin of 25 percent mainly due to revenue increase and unit cost reduction. Net income for the quarter reached 657 billion won from 246 billion won in the third quarter, 2009.

Meanwhile, consolidated sales of fiscal year 2009 amounted to 7.91 trillion won increased by 16 percent from 6.82 trillion won of 2008. Operating profit totaled 192 billion won, turning to a profit from the loss of 1.92 trillion won for 2008. Net loss for the year amounted to 333 billion won due to interest expense and other expenses which include provisions for the contingent liabilities.