Kumho E&C Raises Gas Plant Contract Share to ₩186.24 Billion

KUMHO Engineering & Construction Co., Ltd. (002990) raised its share of a gas-plant contract Tuesday. The company disclosed a revised value of ₩186.24 billion.

Kumho holds 70% of the Gongju natural-gas power project contract. Its share rose from ₩184.52 billion after an amended construction agreement. The total project contract is ₩266.1 billion including VAT. Construction is scheduled to finish on April 30, 2027. Project terms may change.

The filing measures Kumho's share at 9.09% of FY2022 revenue. The increase was ₩1.72 billion. The company's market capitalisation was ₩0.6 trillion at Wednesday's close.

Sources

  1. DART
Written from the filing or the Korean-language report it cites, not translated from it. Figures against this company's own statements are computed from DART data on kstock. kstock does not issue buy, sell or hold ratings and this is not investment advice.

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