This is an amended filing
Dong-Ah Geological Engineering Company LTD. Busan Jinhae New Port dredged soil site contract with Dongbu Corporation cut to KRW 47.7 billion
DAI summary · Not investment advice
Dong-Ah Geological Engineering Company LTD.'s 2025 contract with Dongbu Corporation for a Busan Jinhae New Port dredged soil site was cut from KRW 48.4 billion to KRW 47.7 billion.
Contract amount
KRW 47.7 billion
12.12% of recent revenue · changed from KRW 48.4 billion
Key facts
- Contract details
- Seawall (section 1) construction for Busan Jinhae New Port dredged soil disposal site (zone 3) (lease contract)Other sales and supply contract
- Recent revenue
- KRW 393.5 billion2024 consolidated basis
- % of revenue
- 12.12%
- Counterparty
- Dongbu Corporation
- Supply region
- Busan Jinhae New Port
- Contract period
- May 1, 2025 – Jun 30, 2026End date changed from 2026.12.31
- Contract date
- Apr 18, 2025
Commentary
AI commentary · Not investment advice
What happened
Dong-Ah Geological Engineering changed the amount and period of a contract signed with Dongbu Corporation in 2025. It is a lease contract within the seawall (section 1) construction for zone 3 of a dredged soil disposal site at Busan Jinhae New Port. The project creates a new site to hold soil dug up from the seabed. The contract amount fell from KRW 48.4 billion to KRW 47.7 billion. The end date moved forward from December 31, 2026 to June 30, 2026.
In the company's terms
The contract amount equals 12.12% of the company's recent revenue of KRW 393.5 billion (2024, consolidated), down from 12.30% before the correction.
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