Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  Daewoo Shipbuilding & Marine Engineering    042660   KR7042660001

DAEWOO SHIPBUILDING & MARINE ENGINEERING

(042660)
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Daewoo Shipbuilding & Marine Engineering : Delivers 1 Drill Ship to Angolan Oil Firm

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/16/2019 | 03:53am EDT

Daewoo Shipbuilding & Marine Engineering Co., a major shipyard in South Korea, said Friday that it has delivered one of two drill ships to the Angolan state oil company Sonangol.

Late last year, the shipyard said it ended a yearslong dispute over a delay in the delivery of the ships.

Daewoo Shipbuilding said it has agreed with Sonangol on the delivery of the two ships this year for 900 billion won (US$799 million).

With the delivery of the first drill ship, Daewoo Shipbuilding secured some 560 billion won.

The other drill ship will be delivered within two months, it added.

In 2013, the Korean shipyard clinched a deal to build two drill ships for Sonangol, and the delivery had been originally scheduled for 2016.

But the Angolan state oil company balked at full payment as its financial status worsened amid a fall in global oil prices.

Daewoo Shipbuilding said it has already fully reflected the losses from the delayed ship delivery on its balance sheet.

(c) 2019 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DAEWOO SHIPBUILDING & MARI
04/16Aramco to Buy Into Korean Refiner -- WSJ
DJ
04/15South Korea's Hyundai Heavy Sells Oil Stake to Saudi Aramco for $1.2 Billion
DJ
04/15DAEWOO SHIPBUILDING & MARINE ENGINEE : S Korea's major shipyards expected to rep..
AQ
04/10Equinor again delays start-up of Britain's Mariner oilfield
RE
04/01DAEWOO SHIPBUILDING & MARINE ENGINEE : Adnoc Offshore - Upper Zakum Full Field D..
AQ
03/28Valmet to supply exhaust gas cleaning system to Daewoo Shipbuilding & Marine ..
AQ
03/16DAEWOO SHIPBUILDING & MARINE ENGINEE : Delivers 1 Drill Ship to Angolan Oil Firm
AQ
03/13DAEWOO SHIPBUILDING & MARINE ENGINEE : Iran's oil tanker fleet being squeezed as..
RE
02/11Samsung Heavy turned down offer to buy Daewoo - KDB
RE
02/02HYUNDAI HEAVY INDUSTRIES : signs deal with Korea Development Bank
AQ
More news
Financials (KRW)
Sales 2019 7 955 B
EBIT 2019 351 B
Net income 2019 271 B
Debt 2019 2 197 B
Yield 2019 -
P/E ratio 2019 12,39
P/E ratio 2020 12,60
EV / Sales 2019 0,67x
EV / Sales 2020 0,63x
Capitalization 3 130 B
Chart DAEWOO SHIPBUILDING & MARINE ENGINEERING
Duration : Period :
Daewoo Shipbuilding & Marine Engineering Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 36 470  KRW
Spread / Average Target 25%
EPS Revisions
Managers
NameTitle
Sung-Leep Jung President, Chief Executive Officer & Director
Youl-Jung Kim Director, Vice President & Head-Finance
Young-Bok Choi MD & Head-Industrial Technology Research
Wook-Sung Cho Director, Vice President & Head-Management
Young-Gi Jeong Outside Director