Soosan Industries Increases Boryeong Thermal Power Maintenance Contract to 97.2 Billion Won, Boosting Revenue Contribution
Soosan Industries signed an amendment to increase the contract amount for the Boryeong Thermal Power Plant Units 1-8 coal handling facility maintenance contract from 92.65 billion won to 97.23 billion won, a 4.9% increase.
This contract is a joint supply agreement where the company's share is 80% of the total contract value of 121.53 billion won, with the contract period fixed until June 30, 2026.
The contract amount represents 32.03% of the company's 2022 consolidated revenue of 303.54 billion won, strengthening its stable revenue base.
As a long-term maintenance contract, this amendment increases the order backlog and positively impacts future revenue stability.
[AI Summary]The increase in the Boryeong Thermal Power maintenance contract amount for Soosan Industries is a positive signal that expands existing orders and enhances revenue contribution. It improves near-term earnings visibility and supports long-term customer relationships. However, with only about two months remaining on the contract, the effect may be limited unless it leads to new orders.
KOSPI Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract