Jakarta - PT Lion Metal Works Tbk (LION) and RDMP Balikpapan JO have changed the value of the cooperation agreement from Rp186.886 billion to Rp156.505 billion.

The contract value revision was marked by signing addendum-1 for the supply contract for electrical cable tray & accessories 2 MTO on August 20, 2021.

"The contract will be fulfilled in stages until July 31, 2021," said LION Director Lawer Supendi in the IDX information disclosure on Tuesday (24/8).

He considered that the fulfillment of the contract during the contract period would positively impact the company's financial results.