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SK Hynix profits fall 69% in Q1 Updated: 2019-04-25 16:02:55 KST

Profits at the world's second biggest memory chip maker, SK hynix plunged by than two-thirds in the first quarter on falling prices and weaker demand.
SK hynix says its profits came to 1.two billion U.S. dollars between January and March, down 69 percent on-year, making it the lowest figure in more than two years.
Revenue dropped 22 percent.
The company said, however, that it expects a recovery in memory chips later this year due to rising demand from data centers.
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