SK Chemical Reports Q1 Operating Profit of 21.2 Billion Won, Up 464% from Previous Quarter

Sales Rise 14% to 385.7 Billion Won

"Balanced Growth Across All Business Areas"

On May 8, SK Chemical announced that, on a separate financial statement basis, it recorded sales of 385.7 billion won and an operating profit of 21.2 billion won in the first quarter of this year.

SK Chemicals headquarters located in Pangyo, Seongnam, Gyeonggi Province. SK Chemicals

Compared to the previous quarter, sales increased by 14.2% and operating profit surged by 464.3%.

The company explained that, despite ongoing economic uncertainty, it was able to maintain growth as sales continued to increase in its core businesses such as copolyester and pharmaceuticals. This result is attributed to relatively stable demand across all major business areas.

On a consolidated basis, including its subsidiary SK bioscience, the company reported sales of 655.9 billion won and an operating loss of 18.9 billion won.

An SK Chemical representative stated, "Even in the first quarter, which was marked by significant external volatility, stable operations in raw material procurement, production, and sales allowed us to sustain sales growth. In response to uncertainties such as oil price fluctuations and supply chain instability, we will review our product portfolio, cost structure, and overall operational processes to enhance our practical competitiveness and build a structure that is more flexible in adapting to market changes."

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