[Featured Stock] SK Hynix Rises on News of 'Record Highest Sales'

[Asia Economy Reporter Myung-hwan Lee] SK Hynix is showing an upward trend following news that it achieved its highest-ever performance in the fourth quarter of last year.

As of 10:17 AM on the 28th, SK Hynix is trading at 119,000 KRW, up 4.85% from the previous trading day.

SK Hynix announced on the same day that its consolidated sales for last year reached 42.9977 trillion KRW, a 34.8% increase compared to the same period the previous year. This surpassed the 40.4451 trillion KRW sales recorded in 2018, setting a new all-time sales record. Operating profit increased by 147.6% to 12.4103 trillion KRW.

Meanwhile, SK Hynix also disclosed on the same day that it will pay a dividend of 1,540 KRW per common share. The total dividend amount is 1.0589 trillion KRW, with a dividend yield of 1.2%. The payment is scheduled within one month from the date of the shareholders' meeting resolution, and the date of the regular shareholders' meeting is yet to be determined.