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 | 1.7B | 1.8B | 1.7B | 1.5B | 1.3B | 1.5B | 1.7B | 976.0M | 715.0M | 729.0M | 741.0M | 700.0M | 598.0M | 514.0M |
| Revenue Growth % | -2.8% | 7.5% | 9.8% | 18.1% | -12.8% | -11.6% | 71.6% | 36.5% | -1.9% | -1.6% | 5.9% | 17.1% | 16.3% | -- |
| Total Revenue | 1.7B | 1.8B | 1.7B | 1.5B | 1.3B | 1.5B | 1.7B | 976.0M | 715.0M | 729.0M | 741.0M | 700.0M | 598.0M | 514.0M |
| Cost Of Revenue | 1.6B | 1.7B | 1.5B | 1.3B | 1.1B | 1.3B | 1.4B | 826.0M | 599.0M | 621.0M | 627.0M | 587.0M | 483.0M | 422.0M |
| Gross Profit | 101.0M | 108.0M | 166.0M | 195.0M | 150.0M | 196.0M | 260.0M | 150.0M | 116.0M | 108.0M | 114.0M | 113.0M | 115.0M | 92.0M |
| Gross Margin % | 5.8% | 6.0% | 9.9% | 12.8% | 11.6% | 13.2% | 15.5% | 15.4% | 16.2% | 14.8% | 15.4% | 16.1% | 19.2% | 17.9% |
| Total Operating Cost | 1.9B | 1.9B | 1.7B | 1.5B | 1.3B | 1.4B | 1.5B | 907.0M | 654.0M | 672.0M | 680.0M | 640.0M | 543.0M | 468.0M |
| Selling Expenses | 7.3M | 9.0M | 6.8M | 5.9M | 4.7M | 12.0M | 10.0M | 7.2M | 5.8M | 5.1M | 4.8M | 4.6M | 4.4M | 3.2M |
| Admin Expenses | 57.6M | 48.2M | 66.7M | 56.0M | 42.3M | 49.3M | 39.1M | 28.1M | 46.4M | 41.7M | 39.5M | 36.2M | 29.8M | 23.5M |
| Rd Expenses | 77.9M | 73.1M | 66.8M | 67.5M | 58.6M | 44.8M | 43.1M | 29.0M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 48.3M | 56.7M | 42.7M | 43.5M | 44.4M | 33.8M | 25.5M | 13.0M | -717,600 | -1.8M | 2.5M | 8.4M | 13.7M | 11.8M |
| Operating Income | -96.1M | -120.0M | -37.8M | 22.1M | 45.7M | 71.4M | 135.0M | 74.7M | 61.4M | 57.1M | 61.3M | 59.9M | 55.6M | 46.3M |
| Operating Margin % | -5.5% | -6.7% | -2.3% | 1.5% | 3.5% | 4.8% | 8.1% | 7.7% | 8.6% | 7.8% | 8.3% | 8.6% | 9.3% | 9.0% |
| Non Operating Income | 131,000 | 1,000 | 496,800 | 138,300 | 251,500 | 115,300 | 1.3M | 2.3M | 4.4M | 3.4M | 3.6M | 2.3M | 2.3M | 2.0M |
| Non Operating Expenses | 891,200 | 11.9M | 2.9M | 1.2M | 2.5M | 1.0M | 2.5M | 93,100 | 2,500 | 508,200 | 9,800 | 35,700 | 21,400 | 1.2M |
| Investment Income | -1.5M | 48,500 | 257,200 | 887,000 | -- | 1.1M | 2.0M | 2.7M | 327,900 | 468,000 | 374,000 | 564,000 | 567,800 | 166,500 |
| Fair Value Change Income | -713,800 | 5,500 | -5,500 | 504,300 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 14.5M | 60,100 | -17,800 | -808,500 | 28.2M | 2,200 | -1.2M | 1,300 | -189,900 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 31.3M | 49.7M | 24.9M | 5.9M | 856,200 | 1.4M | 4.4M | -120,800 | 129,800 | 1.8M | 798,200 | -730,000 | 828,300 | -1.4M |
| Other Income | 22.3M | 14.6M | 9.5M | 5.6M | 20.8M | 23.0M | 4.7M | 3.1M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -96.8M | -132.0M | -40.2M | 21.1M | 43.5M | 70.5M | 134.0M | 76.9M | 65.8M | 60.0M | 64.9M | 62.2M | 57.9M | 47.1M |
| Income Tax | -7.3M | -2.8M | 1.1M | -3.6M | 3.0M | 5.7M | 17.1M | 7.9M | 8.7M | 7.8M | 8.8M | 8.3M | 7.8M | 6.4M |
| Net Income | -89.5M | -129.0M | -41.3M | 24.8M | 40.5M | 64.8M | 117.0M | 69.0M | 57.1M | 52.1M | 56.1M | 53.9M | 50.1M | 40.7M |
| Net Margin % | -5.1% | -7.2% | -2.5% | 1.6% | 3.1% | 4.4% | 7.0% | 7.1% | 8.0% | 7.2% | 7.6% | 7.7% | 8.4% | 7.9% |
| Net Income Attributable | -89.5M | -129.0M | -41.3M | 24.8M | 41.6M | 66.7M | 107.0M | 68.9M | 57.1M | 52.1M | 56.1M | 53.9M | 50.1M | 40.7M |
| Minority Interest | -- | -- | -- | -- | -1.1M | -2.0M | 10.6M | 110,800 | -- | -- | -- | -- | -- | -- |
| Eps Basic | -0.32 | -0.47 | -0.15 | 0.09 | 0.15 | 0.24 | 0.39 | 0.41 | 0.76 | 0.70 | 0.75 | 0.72 | 0.67 | -- |
| Eps Diluted | -0.32 | -0.47 | -0.15 | 0.09 | 0.15 | 0.24 | 0.39 | 0.41 | 0.76 | 0.70 | 0.75 | 0.72 | 0.67 | -- |
| 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 | 136.0M | 115.0M | 151.0M | 244.0M | 222.0M | 248.0M | 288.0M | 277.0M | 208.0M | 161.0M | 131.0M | 135.0M | 101.0M | 51.7M |
| Trading Financial Assets | -- | -- | -- | 504,300 | 10.0M | 30.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 300.0M | 288.0M | 264.0M | 194.0M | 191.0M | 272.0M | 188.0M | 108.0M | 94.3M | 91.0M | 74.3M | 62.2M | 60.5M | 50.0M |
| Notes Receivable | -- | 548,800 | -- | -- | 1.4M | 781,900 | 70.5M | 54.5M | 22.8M | 62.3M | 47.5M | 48.7M | 26.6M | 9.2M |
| Notes And Accounts Receivable | 300.0M | 289.0M | 264.0M | 194.0M | 192.0M | 273.0M | 258.0M | 162.0M | 117.0M | 153.0M | 122.0M | 111.0M | 87.2M | 59.2M |
| Prepayments | 1.5M | 7.1M | 1.3M | 15.8M | 31.2M | 45.3M | 53.1M | 59.6M | 20.7M | 16.7M | 17.4M | 15.7M | 9.8M | 25.9M |
| Inventory | 718.0M | 710.0M | 737.0M | 768.0M | 618.0M | 438.0M | 490.0M | 418.0M | 192.0M | 156.0M | 179.0M | 175.0M | 161.0M | 146.0M |
| Total Current Assets | 1.3B | 1.2B | 1.3B | 1.4B | 1.4B | 1.3B | 1.2B | 980.0M | 567.0M | 513.0M | 481.0M | 461.0M | 390.0M | 313.0M |
| Long Term Equity Investment | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 12.8M | 12.8M |
| Fixed Assets | -- | 686.0M | 729.0M | 721.0M | 654.0M | 481.0M | 366.0M | 174.0M | 98.8M | 103.0M | 94.8M | 71.0M | 72.6M | 40.3M |
| Fixed Assets Total | 622.0M | 686.0M | 729.0M | 721.0M | 654.0M | 481.0M | 366.0M | 174.0M | 98.8M | 103.0M | 94.8M | 71.0M | 72.6M | 40.3M |
| Construction In Progress | -- | 22.1M | 16.2M | 55.2M | 135.0M | 251.0M | 185.0M | 82.3M | 12.0M | 4.7M | 3.0M | 15.6M | 96,200 | 8.0M |
| Construction In Progress Total | 11.7M | 22.1M | 16.3M | 55.4M | 136.0M | 252.0M | 185.0M | 82.3M | 12.0M | 4.7M | 3.0M | 15.6M | 96,200 | 8.0M |
| Intangible Assets | 100.0M | 110.0M | 113.0M | 116.0M | 119.0M | 103.0M | 108.0M | 80.0M | 39.7M | 40.6M | 9.7M | 9.1M | 9.4M | 9.4M |
| Long Term Deferred Expenses | 11.1M | 13.1M | 14.1M | 18.2M | 16.6M | 5.3M | 4.6M | 1.2M | 102,200 | 185,400 | 268,700 | 351,900 | 435,200 | 209,500 |
| Total Non Current Assets | 790.0M | 886.0M | 938.0M | 995.0M | 1.0B | 949.0M | 806.0M | 539.0M | 169.0M | 167.0M | 140.0M | 111.0M | 97.6M | 76.5M |
| Total Assets | 2.1B | 2.1B | 2.2B | 2.4B | 2.4B | 2.3B | 2.0B | 1.5B | 736.0M | 680.0M | 621.0M | 572.0M | 488.0M | 389.0M |
| Short Term Borrowings | 529.0M | 476.0M | 399.0M | 386.0M | 509.0M | 475.0M | 378.0M | 282.0M | 63.9M | 71.7M | 61.7M | 78.2M | 104.0M | 176.0M |
| Accounts Payable | 119.0M | 69.5M | 42.1M | 67.5M | 76.4M | 59.0M | 67.1M | 32.7M | 30.2M | 30.3M | 27.9M | 22.7M | 21.9M | 27.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 3.6M | 16.9M | 25.1M | 6.5M | 2.1M | 13.0M | 7.6M | 2.7M | 9.8M |
| Contract Liabilities | 3.5M | 4.8M | 1.0M | 6.3M | 14.8M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 899.0M | 874.0M | 849.0M | 913.0M | 1.0B | 955.0M | 968.0M | 635.0M | 255.0M | 248.0M | 248.0M | 227.0M | 185.0M | 220.0M |
| Long Term Borrowings | 94.8M | 108.0M | 126.0M | 227.0M | 135.0M | 92.0M | 58.8M | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 398.0M | 417.0M | 421.0M | 499.0M | 402.0M | 338.0M | 76.5M | 21.3M | 14.8M | 16.0M | 13.7M | 15.8M | 17.2M | 20.0M |
| Total Liabilities | 1.3B | 1.3B | 1.3B | 1.4B | 1.4B | 1.3B | 1.0B | 657.0M | 270.0M | 264.0M | 262.0M | 243.0M | 202.0M | 240.0M |
| Paid In Capital | 279.0M | 276.0M | 278.0M | 278.0M | 274.0M | 275.0M | 170.0M | 100.0M | 75.0M | 75.0M | 75.0M | 75.0M | 75.0M | 50.0M |
| Capital Reserve | 241.0M | 222.0M | 230.0M | 222.0M | 203.0M | 213.0M | 317.0M | 402.0M | 178.0M | 178.0M | 178.0M | 178.0M | 178.0M | 36.0M |
| Surplus Reserve | 53.9M | 53.9M | 53.9M | 52.6M | 47.9M | 45.9M | 42.0M | 31.8M | 24.9M | 19.1M | 13.9M | 8.3M | 2.9M | 7.1M |
| Retained Earnings | 98.5M | 188.0M | 317.0M | 387.0M | 367.0M | 341.0M | 296.0M | 219.0M | 167.0M | 127.0M | 80.4M | 59.9M | 26.4M | 56.4M |
| Minority Equity | -- | -- | -- | -- | -- | 15.7M | 107.0M | 89.8M | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 765.0M | 824.0M | 957.0M | 1.0B | 987.0M | 965.0M | 851.0M | 773.0M | 466.0M | 416.0M | 359.0M | 329.0M | 286.0M | 149.0M |
| Total Equity | 765.0M | 824.0M | 957.0M | 1.0B | 987.0M | 980.0M | 958.0M | 862.0M | 466.0M | 416.0M | 359.0M | 329.0M | 286.0M | 149.0M |
| 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 | 1.5B | 1.3B | 1.5B | 1.4B | 1.4B | 1.2B | 1.4B | 909.0M | 756.0M | 724.0M | 664.0M | 705.0M | 647.0M | 597.0M |
| Tax Refunds Received | 14.3M | 3.9M | 76.8M | 4.1M | 77,100 | -- | -- | 35,800 | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 1.6B | 1.4B | 1.8B | 1.6B | 1.6B | 1.2B | 1.4B | 914.0M | 758.0M | 727.0M | 667.0M | 715.0M | 650.0M | 620.0M |
| Cash Paid For Goods | 1.3B | 1.1B | 1.3B | 1.2B | 1.2B | 1.1B | 1.0B | 904.0M | 582.0M | 567.0M | 508.0M | 528.0M | 501.0M | 427.0M |
| Cash Paid To Employees | 96.4M | 89.4M | 87.7M | 83.3M | 73.1M | 66.8M | 62.2M | 35.7M | 29.9M | 27.2M | 24.1M | 19.2M | 13.3M | 8.7M |
| Taxes Paid | 33.4M | 33.6M | 23.2M | 19.9M | 8.6M | 31.3M | 37.6M | 28.0M | 26.6M | 29.8M | 36.6M | 34.4M | 38.0M | 29.8M |
| Total Operating Cash Outflow | 1.6B | 1.4B | 1.7B | 1.6B | 1.6B | 1.3B | 1.2B | 1.0B | 673.0M | 654.0M | 598.0M | 609.0M | 577.0M | 494.0M |
| Operating Cash Flow | 40.1M | 49.8M | 58.9M | 31.1M | 59.4M | -40.4M | 233.0M | -98.0M | 85.0M | 72.3M | 69.5M | 106.0M | 72.5M | 126.0M |
| Total Investing Cash Inflow | 81.1M | 2.7M | 788,800 | 118.0M | 448.0M | 71.5M | 52.4M | 275.0M | 2.1M | 5.3M | 374,000 | 564,000 | 584,000 | -- |
| Total Investing Cash Outflow | 38.1M | 72.3M | 46.4M | 86.2M | 525.0M | 361.0M | 351.0M | 564.0M | 15.5M | 38.0M | 36.3M | 25.4M | 20.2M | 23.4M |
| Investing Cash Flow | 43.0M | -69.6M | -45.6M | 32.3M | -77.0M | -289.0M | -299.0M | -289.0M | -13.4M | -32.8M | -35.9M | -24.8M | -19.7M | -23.4M |
| Cash From Borrowings | 647.0M | 662.0M | 559.0M | 855.0M | 698.0M | 1.4B | 492.0M | 277.0M | 73.9M | 91.7M | 61.7M | 82.9M | 201.0M | 288.0M |
| Dividends And Interest Paid | 33.3M | 38.8M | 64.0M | 42.8M | 58.0M | 50.4M | 43.7M | 18.5M | 15.6M | 19.7M | 20.0M | 21.0M | 43.3M | 10.8M |
| Debt Repayments | 661.0M | 623.0M | 585.0M | 882.0M | 622.0M | 950.0M | 321.0M | 63.9M | 81.7M | 81.7M | 78.2M | 109.0M | 273.0M | 270.0M |
| Total Financing Cash Inflow | 647.0M | 662.0M | 559.0M | 880.0M | 698.0M | 1.5B | 594.0M | 543.0M | 73.9M | 91.7M | 61.7M | 82.9M | 315.0M | 344.0M |
| Total Financing Cash Outflow | 701.0M | 670.0M | 649.0M | 932.0M | 699.0M | 1.2B | 567.0M | 121.0M | 102.0M | 103.0M | 101.0M | 143.0M | 342.0M | 432.0M |
| Financing Cash Flow | -54.0M | -7.6M | -90.6M | -51.7M | -292,900 | 313.0M | 27.1M | 422.0M | -28.1M | -11.7M | -38.9M | -60.2M | -27.4M | -88.1M |
| Net Change In Cash | 32.3M | -26.9M | -70.1M | 10.7M | -20.5M | -16.5M | -38.1M | 34.7M | 43.6M | 27.9M | -5.4M | 20.7M | 25.4M | 14.3M |
| Ending Cash Balance | 69.5M | 37.3M | 64.2M | 134.0M | 124.0M | 144.0M | 161.0M | 199.0M | 164.0M | 120.0M | 92.5M | 97.9M | 77.1M | 51.7M |
| Capex | 36.6M | 72.3M | 46.4M | 61.5M | 116.0M | 232.0M | 351.0M | 140.0M | 15.5M | 38.0M | 36.3M | 25.4M | 20.2M | 23.4M |