[Formosa Petrochemical] Announcement: Derivative Financial Product Transactions Reached Loss Limit
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Formosa Petrochemical announced that its derivative financial product transactions have reached the loss limit. The company incurred USD 48,180,500 in realized and unrealized losses due to hedging crude oil and refined oil prices, influenced by the US-Iran conflict. Despite exceeding the limit, the impact is deemed not significant due to the hedging purpose.