Wednesday, April 26, 2017

Chairman Chey Tae-won 'deep change' earnings hit full swing

"This year management policies [hyomun financial newspaper reporters standing in Korea] is: a 'SKMS practice new value creation through deep changes. The core competitiveness of enterprises can secure sustainable support to investment and employment. In particular, domestic business environment is uncertain, more top executives are creating more social divide and great happiness over this thing actively after securing a competitive edge instead of steady investment and hiring as well. "- SK Group Chairman Chey Tae-won in this year's New Year message.

It weighed called Wings choesunsil gate "to the business community because the clock is stopped since the beginning of the year" Deep Change (Deep change) '' Performance Jackpot "SK Group Chairman Chey Tae-won is engaged in the aggressive management of the main subsidiaries were shouting. SK Hynix is, SK Innovation's expected to receive an investment of attacking the president on the basis of the next highest resilience 'ever-class performance. "

◇ SK Hynix Q1 'Triple Crown' to achieve

SK Hynix Semiconductor in the first quarter thanks to super-boom hit the 'best ever performance. " All sales, operating profit, net income would have achieved the 'triple crown' establishing a new record.

SK Hynix said 25 days showed a first quarter sales 6.2895 trillion won, operating profit of 2.4676 trillion won. This surging 72.0%, 339.2%, respectively, compared to previous year (3.6557 trillion won, 5618 billion).

The operating margin was a record 39.2% nearly 40%. This is followed by a high level in the second quarter (40%) in 2004 as a former second.

SK Hynix said, "the first quarter is seasonally could, despite a weak period of the memory chip demand and achieve a continued favorable rise to Quarter largest sales and operating profit sharply prices in the market environment since the second half of last year." and "according to the favorable market conditions, high performance is expected this year," he said.

SK Innovation also continued the momentum of last year's record high earnings (operating profit of 3.2286 trillion won). SK Innovation said on the 25th that the first quarter of this year increased 1.0043 trillion won sales by 19% (159.5 billion won) recorded a yoy profit.

This is the power of hosiljeok operating profit growth of non-oil sectors such as chemicals and Yun Hwalyu. Non-oil sector in the first quarter of operating profit accounted for 10 percentage points higher than the 55 percent (549.6 billion won) oil business (45%, 453.9 billion won) to. SK Innovation said, "results from the past few years, increased investment and expansion of the production facilities of high-margin products such as paraxylene scale, profit of the Chemicals business has been upgraded" and "scheduled regional ethylene in the second quarter, the para-xylene this was expected to lead to hosiljeok Given such regular maintenance of the facility. "

SK Telecom announced 26 days ahead of the earnings also expected to record higher earnings. 25 days in the securities industry, we forecast the 1Q11 operating profit of 438.9 billion won from SK Telecom, 562.8 billion won net profit level. Due to the replacement terminal subscriber can reduce the cost and marketing (8% qq estimate).

Gimhongsik Hana Financial Securities Research Institute said, "is expected to lead to cost reductions in the first quarter earnings of SK Telecom in accordance with the management policy change in profitability mainly."

◇ deep change lasts for creating future food

SK flagship subsidiary of 1Q11 thanks to the hit "Deep Change" for creating future value of the chairman Chey Tae-won has been moves attention. Already LG Siltron last January to February (51%, 620 billion won acquisition) and US chemical companies 'Ek reel acrylic business (hereinafter EAA)' Chey successful acquisition of Dow Chemical's spearheaded the memory business part of Toshiba insujeon He commanded to go on the 24th went over to Japan. Indwelling has reportedly meet with relevant stakeholders in corporate America.

SK Group official said, "Over the past 18 days choesunsil, nor be able to solve the meantime misunderstanding due to ...... they drop disposition of gate-related prosecution, Choi was able president directly chaenggil global business," said "the future on the basis of deep change the spirit of Chey Tae-won President SK group will accelerate the pace for the future is not satisfied with the favorable market conditions, despite the current performance, "he said.

He also said, "nagagetda them to continue to companies that can achieve stability and growth in any market changes through."

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