Korea Electronic Power Industrial Development's Contract Amendment with Korea Southern Power Increases Contract Value to 120.96 Billion KRW and Extends Period, Securing Stable Revenue Base
Korea Electronic Power Industrial Development has filed a corrective disclosure for its single sales and supply contract with Korea Southern Power for the operation consignment of fuel environmental facilities at Goseong Hwai Thermal Power Plant.
The contract amount increased from approximately 107.8 billion KRW to about 120.96 billion KRW, a 12.2% rise, and the contract end date is set to June 30, 2026.
The revised contract amount represents 30.7% of the company's 2025 fiscal year consolidated revenue of approximately 394.5 billion KRW, supporting stable earnings through continued service provision.
This contract amendment is an extension of existing operations, involving no capital raising or shareholder dilution, thus potentially positive for the stock price.
[AI Summary]While the increased contract amount and extended period enhance revenue stability, the correction of an existing contract limits the impact on share value. This is interpreted as a moderately positive signal.
KOSPI Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract
Company: Korea Electronic Power Industrial Development (130660)
Submission: Korea Electronic Power Industrial Development Co., Ltd