KC Cottrell increases Long Phu 1 power plant project contract amount to 74.7 billion won, expanding sales proportion to 21.9%
KC Cottrell disclosed a correction to its ESP and FGD construction contract for the Long Phu 1 thermal power plant in Vietnam, increasing the contract amount by 6.8% from approximately 70 billion won to about 74.7 billion won.
The USD-denominated contract value rose from USD 47.6 million to USD 50.9 million, and the contract now represents 21.9% of the company's 2024 re-audited consolidated sales of 340.9 billion won.
This increase is expected to contribute to additional revenue and improved profitability.
[AI Summary]KC Cottrell's contract increase for the Vietnam project expands existing orders and boosts sales contribution. This is likely to have a positive effect on the stock price.
KOSPI Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract