HD-Hyundai Marine Engine (KRX:071970) secured a ship engine supply contract worth 44.7 billion won with HD Hyundai Mipo (KRX:010620), the company said in a Monday filing with the Korea Exchange.
The contract value represents 14.1% of HD-Hyundai Marine Engine's 2024 total sales of 315.8 billion won. The contract, effective Oct. 13, 2025, will run through June 30, 2027.
Shares of HD-Hyundai Marine Engine rose more than 2% in recent trade, while those of HD Hyundai Mipo declined nearly 1%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.