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ORGE Reports Higher Value for Bodrum Hillside Hotel Project
The company says invoices issued to date have raised the project's reported contract value to TL719,280,250 plus VAT, with work ongoing.
Key takeaways
- The reported contract value rose to TL719,280,250 plus VAT from TL649,258,506 plus VAT.
- ORGE says work on the Bodrum Hillside Hotel project is continuing.
ORGE Enerji said the reported contract value for its ongoing Bodrum Hillside Hotel project has risen to TL719,280,250 plus VAT from TL649,258,506 plus VAT. The company attributed the TL70,021,744 increase to invoices issued to date.
The customer is Alarko Gayrimenkul Yatırım Ortaklığı. ORGE said work on the project is continuing.
The revised figure is the reported value of the project contract, not a disclosure of profit or cash received. The KAP filing gives no further details on payment timing or the financial impact.
Topics
ORGEAlarko Gayrimenkul Yatırım Ortaklığı
Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
