• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

SK Hynix shares jump nearly 11% after beating forecasts and announcing 100 trillion won in distributions

TechnologyInternationalRevista ADVFN40 s readAI summary
Image: Revista ADVFN

SK Hynix shares rose nearly 11% in Seoul and closed at 1,487,000 won after the South Korean company reported third-quarter results above consensus. Operating profit grew 632% year on year to 83.33 trillion won, versus an estimate of 77.5 trillion, and revenue rose 328% to a record 104.615 trillion. The company presented a plan to distribute about 100 trillion won to shareholders during 2026 and expects the memory shortage to persist until 2030.

In 40 seconds

  • Third-quarter operating profit: 83.33 trillion won, up 632% year on year and above the 77.5 trillion consensus.
  • Record revenue of 104.615 trillion won (+328%) and net profit of 39.78 trillion (+216%).
  • Plan to distribute about 100 trillion won in 2026: at least 30 trillion in dividends and a minimum of 60 trillion in buybacks and cancellations.
Read the full story at Revista ADVFN

IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading