Dongbu Corporation Increases Railway Construction Contract to 323.9 Billion KRW, Expanding Order Backlog to 17.05% of Sales
Dongbu Corporation amended its contract with Seobu Gwangyeok Metro for the Daejang-Hongdae metropolitan railway construction, increasing the contract amount from 268.9 billion KRW to 323.9 billion KRW.
This contract represents Dongbu's 15% share of the total project cost of approximately 2.1591 trillion KRW, accounting for 17.05% of its latest annual sales.
The construction period is 72 months from the start date, with progress-based payments. The contract amount and duration may change during construction.
[AI Summary]Dongbu Corporation strengthened its revenue base by increasing its order backlog by over 20%. Securing this large infrastructure project is positive for long-term profitability and supports a favorable stock price outlook.
KOSPI Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract