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SK hynix Inc. announced that it has recorded 104.6155 trillion won in revenues, 83.3338 trillion won in operating profit (with an operating margin of 80%), and 39.7756 trillion won in net profit (with a net margin of 38%) in the third quarter.
During the earnings presentation, CEO Kwak Noh-Jung explained the background of the company’s decisions regarding the Solidigm IPO and its principle to share the returns from strategic investment with shareholders.
“The IPO was intended to raise external capital for the expansion of Solidigm’s production facilities, and thereby to lighten our own investment burden and broaden our capacity for shareholder returns,” CEO Kwak said. “However, after carefully considering recent financial market conditions and other factors, we concluded that proceeding at this time would not be the best way to achieve the originally anticipated outcome. We have therefore discontinued our review.”
“Our principle has been to share the majority of the gains from successful strategic investments with our shareholders. These gains help replenish our capacity for shareholder returns, which may temporarily decline as we prepare for the future, allowing us to continue investing boldly in sustainable growth while protecting shareholder interests,” he continued. “In line with this principle, we have decided to return the gains realized from our investment in Kioxia this year to shareholders through a special dividend and we will remain committed to upholding this principle so that our shareholders can directly benefit from the returns from our strategic investments.”
