PCL Reports Evaluation Loss on Convertible Bonds Worth 11.5 Billion KRW

[Asia Economy Reporter Park Jihwan] PCL announced on the 18th that it incurred an evaluation loss of derivative financial liabilities amounting to 11.5 billion KRW due to a rise in its stock price.

The company stated, "The difference between the conversion price of the 1st to 3rd series convertible bonds issued by the company and the stock price, caused by the rise in our stock price, resulted in an accounting recognition of an evaluation loss on derivative financial instruments," adding, "This loss does not actually materialize nor cause any cash outflow."