Formosa Plastics explains that its transactions in derivative energy products are purely for hedging purposes, covering crude oil and refined oil, which are related to the company's operations.
Formosa Plastics stated that due to the significant surge in spot prices of crude oil and refined oil caused by the current US-Iran conflict, unrealized losses on forward contracts have reached their maximum limit. However, as these are hedging transactions, they have no significant impact on the company's operations. (Editor: Chang Liang-chih) 1150408
FACT BOX
- Source: CNA (Central News Agency)
- Category: 財經
- Dates in source: 1150408