SK Hynix today announced financial results for its third quarter 2015 ended September 30, 2015.

The consolidated third quarter revenue was 4.9 trillion won increased 6% from 4.6 trillion won of the previous quarter thanks to expanded sales portion of products applicable to mobile IT devices and favorable exchange rate environment.

The operating profit amounted to 1.38 trillion won which was at a similar level to that of the previous quarter with operating margin of 28%. Net income totaled 1.05 trillion won with net margin of 21% reflecting income tax expenses.

Over the previous quarter, DRAM and NAND Flash bit shipment increased 11% and 15% but the average selling price slipped 11% and 15% respectively.

SK Hynix is planning to meet steadily rising demand of mobile DRAM and expand the proportion of DDR4 and LPDDR4 continuously. For NAND Flash, the Company will constantly enhance its cost competitiveness of 1Xnm TLC. Plus, it will complete the development of 48-layer 3D NAND Flash within this year while expanding NAND solutions including SSD to gear up for upcoming market demand of the 3D NAND next year.