Samho Development's Dongbuk Line Railway Contract Increased to 159.4 Billion KRW, 12.1 Billion KRW Rise Positive for Revenue and Stock
Samho Development amended its earthwork and reinforced concrete contract for the Dongbuk Line urban railway private investment project with Kolon Global, increasing the contract amount from 147.3 billion KRW to 159.4 billion KRW, a rise of 12.1 billion KRW or about 8.2%.
The contract period was extended from December 31, 2026 to November 11, 2027, approximately 10.5 months, due to design changes.
This contract amount represents 43.71% of 2019 consolidated revenue of 364.6 billion KRW, and revenue recognition is expected as construction progresses.
[AI Summary]This contract amendment is expected to boost Samho Development's order backlog and revenue, likely positively impacting the stock price. However, investors should consider the extended timeline and the outdated revenue base.
KOSPI Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract