Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 24.6M | 144.0M | 86.3M | 200.0M | 150.0M | 144.0M | 345.0M | 348.0M | 350.0M | 367.0M | 360.0M | 398.0M | 391.0M | 288.0M |
| Revenue Growth % | -82.9% | 66.9% | -56.9% | 33.3% | 4.2% | -58.3% | -0.9% | -0.6% | -4.6% | 1.9% | -9.5% | 1.8% | 35.8% | -- |
| Total Revenue | 24.6M | 144.0M | 86.3M | 200.0M | 150.0M | 144.0M | 345.0M | 348.0M | 350.0M | 367.0M | 360.0M | 398.0M | 391.0M | 288.0M |
| Cost Of Revenue | 23.9M | 137.0M | 77.3M | 150.0M | 112.0M | 101.0M | 243.0M | 233.0M | 218.0M | 237.0M | 230.0M | 265.0M | 249.0M | 190.0M |
| Gross Profit | 681,700 | 7.0M | 9.0M | 50.0M | 38.0M | 43.0M | 102.0M | 115.0M | 132.0M | 130.0M | 130.0M | 133.0M | 142.0M | 98.0M |
| Gross Margin % | 2.8% | 4.9% | 10.4% | 25.0% | 25.3% | 29.9% | 29.6% | 33.0% | 37.7% | 35.4% | 36.1% | 33.4% | 36.3% | 34.0% |
| Total Operating Cost | 89.5M | 218.0M | 157.0M | 236.0M | 214.0M | 232.0M | 345.0M | 335.0M | 315.0M | 325.0M | 314.0M | 351.0M | 333.0M | 253.0M |
| Selling Expenses | 2.9M | 2.8M | 8.6M | 10.4M | 13.5M | 21.3M | 28.9M | 25.6M | 24.4M | 22.8M | 20.8M | 24.5M | 22.7M | 16.2M |
| Admin Expenses | 36.8M | 44.9M | 48.7M | 39.8M | 38.5M | 45.7M | 40.6M | 43.1M | 55.5M | 57.5M | 52.7M | 52.7M | 50.1M | 41.7M |
| Rd Expenses | 3.8M | 3.7M | 5.9M | 10.1M | 8.8M | 15.8M | 15.0M | 18.8M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 244,200 | -254,300 | -1.0M | 316,000 | 1.0M | 545,300 | -771,400 | 2.0M | 420,300 | 779,700 | 741,000 | 766,700 | 894,900 | 1.2M |
| Operating Income | -61.2M | -57.7M | -72.1M | 21.8M | -41.8M | -85.0M | 3.9M | 17.5M | 34.5M | 42.7M | 45.6M | 47.0M | 58.1M | 35.4M |
| Operating Margin % | -248.9% | -40.1% | -83.6% | 10.9% | -27.8% | -59.0% | 1.1% | 5.0% | 9.9% | 11.6% | 12.7% | 11.8% | 14.9% | 12.3% |
| Non Operating Income | 558,300 | 2.2M | 5.6M | 1.4M | 634,400 | 3.8M | 3.4M | 3.8M | 5.1M | 5.8M | 2.4M | 2.1M | 83,200 | 216,500 |
| Non Operating Expenses | 37,800 | 2.2M | 918,800 | 953,500 | 1.4M | 617,900 | 527,200 | 913,800 | 180,100 | 312,400 | 335,200 | 324,800 | 1.3M | 181,800 |
| Investment Income | 3.3M | 14.7M | -2.9M | 58.2M | 483,500 | 913,800 | 2.0M | 1.7M | -- | -- | -- | -- | -363,000 | -11,700 |
| Fair Value Change Income | -- | 7,900 | -3,700 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 57,100 | -- | 272,700 | -1.4M | 18.8M | 9,900 | -34,900 | -285,300 | 46,600 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 13.1M | 540,200 | 5.7M | 8.5M | 19.0M | 26.9M | 13.8M | 8.9M | 12.4M | 3.1M | 6.7M | 4.5M | 5.7M | 1.6M |
| Other Income | 397,100 | 1.1M | 1.4M | 621,100 | 2.4M | 2.6M | 2.3M | 3.7M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -60.7M | -57.7M | -67.5M | 22.3M | -42.5M | -81.8M | 6.8M | 20.4M | 39.4M | 48.2M | 47.7M | 48.7M | 56.9M | 35.4M |
| Income Tax | -2.7M | 5.1M | 13.6M | 9.0M | 8.8M | -13.4M | 336,300 | 4.2M | 9.2M | 8.7M | 8.9M | 9.2M | 11.9M | 9.4M |
| Net Income | -58.0M | -62.9M | -81.1M | 13.3M | -51.2M | -68.4M | 6.4M | 16.2M | 30.2M | 39.5M | 38.8M | 39.5M | 45.0M | 26.0M |
| Net Margin % | -235.7% | -43.6% | -94.0% | 6.6% | -34.2% | -47.5% | 1.9% | 4.6% | 8.6% | 10.8% | 10.8% | 9.9% | 11.5% | 9.0% |
| Net Income Attributable | -52.8M | -62.6M | -81.1M | 13.3M | -51.2M | -68.4M | 6.4M | 16.2M | 30.2M | 39.5M | 38.8M | 39.5M | 45.2M | 26.4M |
| Minority Interest | -5.2M | -271,000 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -167,600 | -371,300 |
| Eps Basic | -0.53 | -0.63 | -0.81 | 0.13 | -0.51 | -0.68 | 0.06 | 0.16 | 0.38 | 0.53 | 0.52 | 0.53 | 0.60 | -- |
| Eps Diluted | -0.53 | -0.63 | -0.81 | 0.13 | -0.51 | -0.68 | 0.06 | 0.16 | 0.38 | 0.53 | 0.52 | 0.53 | 0.60 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 41.9M | 89.6M | 131.0M | 41.2M | 107.0M | 104.0M | 106.0M | 101.0M | 125.0M | 83.3M | 52.8M | 47.1M | 74.2M | 24.2M |
| Trading Financial Assets | -- | -- | 106,100 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 122.0M | 85.6M | 77.7M | 156.0M | 147.0M | 155.0M | 259.0M | 263.0M | 228.0M | 189.0M | 205.0M | 152.0M | 123.0M | 67.5M |
| Notes Receivable | 3.5M | 6.4M | 18.6M | 3.2M | 4.9M | -- | 6.3M | 20.3M | 6.7M | 9.9M | 5.8M | 4.6M | 8.7M | 1.6M |
| Notes And Accounts Receivable | 126.0M | 92.0M | 96.3M | 159.0M | 151.0M | 155.0M | 265.0M | 283.0M | 235.0M | 198.0M | 211.0M | 157.0M | 132.0M | 69.1M |
| Prepayments | 1.2M | 1.4M | 781,600 | 1.4M | 2.1M | 3.4M | 6.2M | 13.7M | 6.0M | 7.8M | 8.4M | 10.3M | 9.6M | 23.1M |
| Inventory | 108.0M | 72.5M | 62.6M | 102.0M | 105.0M | 98.7M | 142.0M | 170.0M | 126.0M | 121.0M | 119.0M | 120.0M | 182.0M | 162.0M |
| Total Current Assets | 311.0M | 297.0M | 350.0M | 321.0M | 381.0M | 390.0M | 523.0M | 602.0M | 602.0M | 415.0M | 393.0M | 338.0M | 402.0M | 294.0M |
| Long Term Equity Investment | 17.6M | 17.8M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.1M |
| Fixed Assets | -- | 9.5M | 35.2M | 89.4M | 87.2M | 75.7M | 80.8M | 66.9M | 42.9M | 31.6M | 34.8M | 35.0M | 37.1M | 34.3M |
| Fixed Assets Total | 11.4M | 9.5M | 35.2M | 89.4M | 87.2M | 75.7M | 80.8M | 66.9M | 42.9M | 31.6M | 34.8M | 35.0M | 37.1M | 34.3M |
| Construction In Progress | -- | 7.3M | -- | 1.2M | -- | 23.8M | 12.0M | 18.4M | 11.0M | 10.8M | 2.6M | 1.2M | -- | 370,000 |
| Construction In Progress Total | 2.5M | 7.3M | -- | 1.2M | -- | 23.8M | 12.0M | 18.4M | 11.0M | 10.8M | 2.6M | 1.2M | -- | 370,000 |
| Intangible Assets | 1.2M | 1.2M | 5.7M | 4.6M | 11.7M | 18.1M | 19.1M | 19.6M | 18.9M | 19.4M | 20.0M | 20.5M | 20.9M | 21.4M |
| Long Term Deferred Expenses | 8.0M | 5.0M | 1.9M | 3.3M | 5.0M | 4.1M | 5.1M | 2.1M | 2.3M | 3.2M | 3.3M | 5.0M | 5.5M | 3.5M |
| Total Non Current Assets | 63.8M | 54.9M | 88.8M | 159.0M | 178.0M | 147.0M | 131.0M | 115.0M | 82.3M | 70.3M | 65.1M | 64.7M | 66.5M | 62.0M |
| Total Assets | 375.0M | 352.0M | 439.0M | 480.0M | 559.0M | 537.0M | 653.0M | 717.0M | 685.0M | 485.0M | 459.0M | 402.0M | 468.0M | 356.0M |
| Short Term Borrowings | 13.0M | -- | -- | -- | -- | 4.0M | 2.0M | 19.0M | 18.2M | 6.0M | 2.5M | 1.0M | 186,400 | 5.0M |
| Accounts Payable | 87.6M | 33.7M | 36.5M | 10.4M | 40.7M | 46.2M | 82.8M | 90.4M | 81.3M | 77.3M | 86.5M | 79.2M | 109.0M | 55.8M |
| Advance Receipts | -- | -- | -- | -- | 929,000 | 22.6M | 20.5M | 60.0M | 29.9M | 43.4M | 60.8M | 61.1M | 132.0M | 164.0M |
| Contract Liabilities | 17.3M | 15.8M | 25.9M | 25.5M | 41.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 134.0M | 63.0M | 97.0M | 55.3M | 150.0M | 75.7M | 122.0M | 189.0M | 167.0M | 170.0M | 183.0M | 167.0M | 274.0M | 254.0M |
| Long Term Borrowings | 1.9M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 9.2M | 11.8M | 4.1M | 5.8M | 2.8M | 4.6M | 4.5M | 4.5M | 5.2M | 7.4M | 7.5M | 5.5M | 4.3M | 4.5M |
| Total Liabilities | 143.0M | 74.7M | 101.0M | 61.1M | 153.0M | 80.3M | 126.0M | 193.0M | 173.0M | 177.0M | 190.0M | 173.0M | 278.0M | 258.0M |
| Paid In Capital | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M | 75.0M | 75.0M | 75.0M | 75.0M | 33.2M |
| Capital Reserve | 207.0M | 205.0M | 205.0M | 205.0M | 205.0M | 205.0M | 205.0M | 205.0M | 205.0M | 56.1M | 56.1M | 56.1M | 56.1M | 23.6M |
| Surplus Reserve | 13.5M | 13.5M | 13.5M | 13.5M | 8.6M | 8.6M | 8.6M | 7.6M | 6.7M | 5.7M | 4.5M | 3.1M | 2.2M | 2.8M |
| Retained Earnings | -96.1M | -43.3M | 19.3M | 100.0M | 92.0M | 143.0M | 214.0M | 211.0M | 200.0M | 171.0M | 133.0M | 95.5M | 56.9M | 33.2M |
| Minority Equity | 7.5M | 1.7M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 5.3M |
| Equity Attributable | 224.0M | 276.0M | 338.0M | 419.0M | 406.0M | 457.0M | 527.0M | 523.0M | 512.0M | 308.0M | 268.0M | 230.0M | 190.0M | 92.9M |
| Total Equity | 232.0M | 277.0M | 338.0M | 419.0M | 406.0M | 457.0M | 527.0M | 523.0M | 512.0M | 308.0M | 268.0M | 230.0M | 190.0M | 98.2M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 58.2M | 137.0M | 190.0M | 197.0M | 171.0M | 191.0M | 317.0M | 340.0M | 298.0M | 364.0M | 295.0M | 300.0M | 327.0M | 304.0M |
| Tax Refunds Received | 430,800 | 64,800 | 499,800 | 3.9M | 1.7M | 559,200 | 6.6M | 11.1M | 3.7M | 3.0M | 1.1M | 3.4M | 815,500 | 117,600 |
| Total Operating Cash Inflow | 114.0M | 194.0M | 229.0M | 204.0M | 236.0M | 205.0M | 335.0M | 369.0M | 304.0M | 375.0M | 305.0M | 314.0M | 341.0M | 340.0M |
| Cash Paid For Goods | 51.2M | 167.0M | 63.0M | 195.0M | 110.0M | 81.1M | 173.0M | 263.0M | 176.0M | 176.0M | 150.0M | 171.0M | 157.0M | 206.0M |
| Cash Paid To Employees | 25.3M | 28.8M | 30.9M | 47.6M | 45.8M | 58.3M | 81.2M | 84.9M | 66.1M | 77.5M | 74.5M | 70.2M | 63.5M | 45.0M |
| Taxes Paid | 3.9M | 19.4M | 12.5M | 17.4M | 17.0M | 14.8M | 25.8M | 32.2M | 45.1M | 46.1M | 40.0M | 48.8M | 44.4M | 26.8M |
| Total Operating Cash Outflow | 138.0M | 243.0M | 141.0M | 288.0M | 196.0M | 182.0M | 314.0M | 424.0M | 333.0M | 338.0M | 299.0M | 335.0M | 319.0M | 322.0M |
| Operating Cash Flow | -24.2M | -48.4M | 88.3M | -84.1M | 40.2M | 22.9M | 20.6M | -55.4M | -28.7M | 37.4M | 6.1M | -21.3M | 21.7M | 17.1M |
| Total Investing Cash Inflow | -- | 58.1M | 7.7M | 183.0M | 127.0M | 187.0M | 230.0M | 300.0M | 118,800 | 7,983 | -- | 70,000 | 17,000 | -- |
| Total Investing Cash Outflow | 28.4M | 52.2M | 14.8M | 187.0M | 158.0M | 211.0M | 224.0M | 258.0M | 116.0M | 11.5M | 6.8M | 6.5M | 46.3M | 67.2M |
| Investing Cash Flow | -28.4M | 5.9M | -7.1M | -3.7M | -30.8M | -24.3M | 5.6M | 42.2M | -116.0M | -11.5M | -6.8M | -6.4M | -46.3M | -67.2M |
| Cash From Borrowings | 15.0M | -- | -- | 20.0M | -- | 14.0M | 2.0M | 19.0M | 18.2M | 14.0M | 7.9M | 1.0M | 2.2M | 10.5M |
| Dividends And Interest Paid | 43,500 | -- | -- | 500,000 | 41,900 | 1.6M | 3.1M | 6.0M | 594,200 | 396,700 | 324,100 | 8,000 | 297,500 | 754,500 |
| Debt Repayments | -- | -- | -- | -- | 4.0M | 12.0M | 19.0M | 18.2M | 6.0M | 10.5M | 6.4M | 186,400 | 7.0M | 5.5M |
| Total Financing Cash Inflow | 26.7M | 2.0M | -- | 22.7M | -- | 14.0M | 2.0M | 19.0M | 203.0M | 14.0M | 7.9M | 1.0M | 83.9M | 64.9M |
| Total Financing Cash Outflow | 8.2M | 3.1M | 1.9M | 1.7M | 4.2M | 14.0M | 22.4M | 24.5M | 15.9M | 12.0M | 7.6M | 430,900 | 8.9M | 6.6M |
| Financing Cash Flow | 18.5M | -1.1M | -1.9M | 21.0M | -4.2M | -31,800 | -20.4M | -5.5M | 188.0M | 2.0M | 310,500 | 569,100 | 75.0M | 58.3M |
| Net Change In Cash | -34.1M | -43.7M | 79.3M | -66.8M | 5.1M | -1.8M | 5.8M | -18.8M | 42.7M | 27.7M | -364,200 | -27.3M | 50.2M | 8.2M |
| Ending Cash Balance | 41.9M | 76.0M | 120.0M | 40.4M | 107.0M | 102.0M | 104.0M | 98.1M | 117.0M | 74.2M | 46.5M | 46.8M | 74.2M | 24.0M |
| Capex | 4.5M | 11.2M | 3.3M | 71.6M | 18.0M | 25.8M | 24.7M | 31.8M | 16.3M | 11.5M | 6.8M | 6.5M | 7.9M | 23.4M |