Hynix Semiconductor Inc. reported a profit in the fourth quarter of 2009 after a record loss last year, according to Associated Press.
The company cited a boost in sales and an increase in prices for its mainstay computer memory chips as reasons for its performance.
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Hynix, the world's second-largest manufacturer of computer memory chips, earned 657 billion won ($579.8 million) in the three months ended Dec. 31. It reported a net loss of 1.69 trillion won a year earlier.
Sales rose 85 percent to 2.8 trillion won from 1.51 trillion won the year before.
The result was the company's second straight quarter of net profit. Hynix recorded its first net profit in two years for the third quarter as prices for memory chips rose amid a rapid recovery in the market.
Hynix is the world's second-largest manufacturer of DRAM chips, which is used mostly in personal computers, and ranks No. 3 in NAND flash memory chips, which is used in products such as digital cameras, music players and smartphones.
Hynix said that average selling prices for its DRAM chips rose 26 percent from the third quarter and shipments increased 12 percent. However, NAND flash memory prices dropped 5 percent. Shipments rose 37 percent.
The sales increase was mainly due to growth in shipments of DRAM and NAND flash as well as improved average selling prices for DRAM.
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