SEOUL, April 24 (Reuters) - South Korea’s SK Hynix Inc on Tuesday said first-quarter operating profit rose 77 percent from a year earlier, in line with market expectations on firm demand for memory chips.
The world’s second-biggest memory chip maker behind Samsung Electronics Co Ltd said January-March profit was 4.4 trillion won ($4.1 billion).
That compared with a 4.3 trillion won Thomson Reuters StarMine SmartEstimate from a survey of 20 analysts. SmartEstimates give greater weight to recent estimates by the more consistently accurate analysts.
Revenue rose 38.6 percent to 8.7 trillion won. ($1 = 1,080.2500 won) (Reporting by Joyce Lee; Editing by Stephen Coates)