Hynix's net loss narrows sharply in Q2

SEOUL, July 24 (Yonhap) -- Hynix Semiconductor Inc., the world's second-largest
memory chip maker, said Friday its net loss narrowed sharply in the second
quarter due to an easing of a global chip glut.

Hynix lost 58 billion won (US$46.6 million) in the April-June period, compared
with a 711 billion won deficit a year earlier, the company said in a statement.
The figure marks the seventh straight quarterly loss for the chipmaker.
Sales dropped 10 percent on-year to 1.68 trillion won, while operating loss
widened to 211 billion won from a 171.7 billion won shortfall a year earlier, it
said.
ygkim@yna.co.kr
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