Seoul:<Text>

SK hynix on Thursday reported its first-quarter net profit of 40.34 trillion won (US$27.3 billion), marking a significant increase of 397.6 percent from the same period last year. The company revealed in a regulatory filing that its operating income for the January-March period rose 405.5 percent on-year to 37.61 trillion won, while sales experienced a 198.1 percent increase, reaching 52.57 trillion won.

According to Yonhap News Agency, the earnings surpassed market expectations, with analysts' average net profit estimate standing at 31.95 trillion won. This estimate was based on a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency. The substantial growth in SK hynix's financial performance highlights the company's strong operational capabilities and market position.