SK chemicals reported on May 15 that had it attained 221.2 billion won in sales in the first quarter, marking an improvement of 15.7 percent from the same period of last year.However, the Company only earned 2.2 billion won in net profit and 10.1 billion won in operating profit, to record a year-on-year decline by 53% and 57%, respectively.An SK chemicals representative said, ?Our net profit declined because the sale price of our products failed to keep pace with skyrocketing raw materials prices.?