SK Hynix Q1 operating profit soars to 37.61 trillion won, up 405% year-over-year

SK Hynix posted Q1 operating profit of 37.61 trillion won (up 96% QoQ, up 405% YoY) and revenue of 52.58 trillion won, hitting record operating margins of 72% and gross margins of 79% for memory. The company filed a confidential F-1 form with the SEC and aims to raise about $10 billion via U.S. ADR listing in June or July.