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SEOUL， April 26 (Xinhua) -- SK Hynix， South Korea's No.2 chipmaker， posted a double-digit drop in its first-quarter operating profit due to lower chip prices and softer demand， a regulatory filing showed Tuesday.
Operating profit was 561.8 billion won (488 million U.S. dollars) in the three months ending March 31， down 64.6 percent from the same period of last year. From the previous three-month period， it was down 43.2 percent.
The first-quarter profit missed market expectations of about 576 billion won.
The chipmaker's operating profit had stayed above 1 trillion won for seven straight quarters through the third quarter of last year， but it fell below the 1 trillion-won level in the fourth quarter.
Revenue tumbled 24 percent from a year earlier to 3.66 trillion won in the first quarter， and net income plunged 65 percent to 448 billion won.
The faltering earnings were attributed to lower product prices and softer demand for semiconductors.
The company's DRAM shipments reduced 3 percent in the first quarter from the previous quarter due to delayed recovery in PC chip sales and weaker demand for chips used for mobile phones and servers.
Average semiconductor prices tumbled 14 percent on a quarterly basis.
NAND Flash memory chip prices declined 12 percent， while shipments of those chips slipped 11 percent.
DOHA， July 11 (Xinhua) -- Qatar Airways announced on Monday an operating profit of three billion Qatari riyals (about 824 million U.S. dollars) in 2016， up from 1.1 billion riyals the previous year due to low oil prices， route expansion and a cut in expenditure.
The carrier said in its first published full-year results that the operating profit for fiscal year 2016 was nearly three times than 2015， resulting in an 8.6 percent operating profit margin， an improvement of nearly six percentage points from the prior year.
The growth rate in ASK term since the relaunch in 1997 to this March is 28 percent， according to the company's financial statement.
Qatar Airways Group Chief Executive Akbar Al Baker said "Qatar Airways continues to lead the industry in all aspects of the business， from our strong financial performance to our award-winning on board product."
"Our fiscal year 2016 was the best yet for Qatar Airways Group."， Al Baker added.
For the year ending March 31， 2016， Qatar Airways Group reduced its expenses 1.5 percent and increased its cash and bank balance from 5.5 billion to 12 billion riyals， despite the significa. Jerseys Cheap Jerseys Cheap Throwback MLB Jerseys China Wholesale Jerseys Free Shipping Nike NFL Jerseys Wholesale Replica Soccer Jerseys From China Adidas NHL Jerseys China Wholesale Chicago White Sox Jerseys Wholesale Detroit Tigers Jerseys Wholesale Kansas City Royals Jerseys