Özata Denizcilik Completes Four Ship Repairs Worth 5605000 USD
The company says four ship repair contracts were completed and delivered, with extra customer requests lifting their final value to 5605000 USD.
Key takeaways
- Özata Denizcilik completed and delivered four ship repair jobs for overseas customers.
- Customer requests raised the jobs’ final value to 5605000 USD from an initial $4,565,000.
- The company expects the work to support revenue and profitability, but disclosed no contract profit figures.
Özata Denizcilik says it completed and delivered four ship repair, maintenance and overhaul jobs under contracts with four overseas companies. Their final value reached 5605000 USD, according to an update the company filed with KAP on Oct. 12.
The contracts were signed on Aug. 10 for an initial total of $4,565,000, equivalent to about TL 217,804,367 at the Central Bank of the Republic of Türkiye’s selling exchange rate that day. The company did not name the customers.
Additional customer requests raised the final amount to 5605000 USD, or about TL 276,029,995.50 using the central bank’s buying exchange rate on Oct. 12. The filing says the ships were handed back to customers after the work was completed.
Özata expects the contracts to have a positive effect on revenue and profitability, but did not disclose the profit generated. KAP’s filing also provides no customer names, individual contract terms or customer shares of the company’s latest disclosed sales. The practical development is completed work at a higher final contract value; the disclosure does not establish the jobs’ profit contribution.
This article was produced with the help of AI technology. Source: Yahoo Finance
