SK Square's 2Q operating loss of 734.5 billion won due to the equity method valuation loss of SK Hynix

Reporter Kim Jisun / approved : 2023-08-16 00:01:14
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SK하이닉스 청주 제3공장 입구. (사진=SK하이닉스)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] SK Square recorded an earning shock in the second quarter of this year due to SK Hynix's valuation loss.

The company said on the 14th that its second-quarter earnings this year were 127.4 billion won in sales, 734.5 billion won in operating losses and 740 billion won in net losses, respectively, based on consolidated financial statements.

SK Square's consolidated performance is directly affected by the performance of portfolio companies due to the nature of investment companies. In the second quarter, sales inevitably turned negative due to accounting factors such as the loss of SK Hynix's equity method valuation. SK Square reflects the net profit or loss of SK Hynix as consolidated sales as much as its holding stake (20.1%).

However, the company explained that SK Square's main body has secured a total of more than 1 trillion won in cash inflow as of the third quarter of this year and is building up its investment.

First, based on 100 billion won jointly invested by SK Hynix and leading domestic financial companies, the company plans to invest in promising overseas semiconductor materials, parts and equipment companies such as Japan and the United States. In line with this, SK Hynix's performance seems to be gradually improving.

SK Hynix believes that the global memory semiconductor market is recovering from a low point in the first quarter and plans to quickly recover its performance based on its competitiveness in high-performance products (such as HBM3).

For the value up of portfolio companies such as One Store, the company plans to speed up investment attraction, business partnership, and mergers and acquisitions (M&A).

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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