Namkwang Engineering & Construction signs 188.3 billion KRW public housing contract with Korea Land & Housing Corporation, boosting revenue by 52.67%

Namkwang Engineering & Construction has entered into a contract with Korea Land & Housing Corporation for the Yangju Hoecheon A-23BL and A-4BL integrated private participation public housing construction project.
The contract value is 188.27 billion KRW excluding VAT, representing Namkwang's 51% stake in the total contract of 369.15 billion KRW, equivalent to 52.67% of its latest consolidated revenue of 357.45 billion KRW.
The contract period runs from June 2026 to August 2030 with progress payments upon completion.
This large-scale government project provides a stable revenue base and is expected to positively impact the stock price.
[AI Summary]Namkwang secured a 188.3 billion KRW public housing contract from Korea Land & Housing Corporation, driving revenue growth. The contract size equals 52.67% of annual sales, significantly boosting mid-term earnings, while the highly creditworthy state-owned counterparty minimizes collection risk and ensures stable cash flow.