SEOUL, Oct. 24 (Xinhua) -- SK Hynix, the world's No. 2 memory chip maker, posted an operating loss in the third quarter this year, turning into the red from the previous quarter, due to a fall in DRAM prices, a regulatory filing showed Wednesday.
Operating loss reached 15.1 billion won (13.67 million U.S. dollars) in the three months ending Sept. 30, according to the regulatory filing.
The third-quarter operating loss narrowed from a loss of 276.76 billion won tallied in the third quarter of last year, but it turned into the red from an operating profit of 22.8 billion won in the previous quarter.
The third-quarter loss was mainly attributable to declines in PC DRAM and server DRAM prices. The average PC DRAM 4GB module price was 16.25 U.S. dollars in the second half of September, and the price was forecast to fall to 14-15 dollars due to weak demand for PCs. The average server DRAM price was 58 dollars, down 13 percent from the previous quarter.
Sales increased 5.8 percent on-year to 2.42 trillion won (2.19 billion U.S. dollars) in the third quarter, and net income amounted to 2 billion won, turning around from a 562.6 billion won loss a year earlier.