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 | 135.0M | 294.0M | 379.0M | 577.0M | 418.0M | 631.0M | 791.0M | 1.1B | 1.1B | 843.0M | 840.0M | 996.0M | 940.0M | 823.0M |
| Revenue Growth % | -54.1% | -22.4% | -34.3% | 38.0% | -33.8% | -20.2% | -26.6% | -2.1% | 30.6% | 0.4% | -15.7% | 6.0% | 14.2% | -- |
| Total Revenue | 135.0M | 294.0M | 379.0M | 577.0M | 418.0M | 631.0M | 791.0M | 1.1B | 1.1B | 843.0M | 840.0M | 996.0M | 940.0M | 823.0M |
| Cost Of Revenue | 134.0M | 273.0M | 359.0M | 536.0M | 408.0M | 526.0M | 682.0M | 840.0M | 809.0M | 626.0M | 648.0M | 758.0M | 718.0M | 616.0M |
| Gross Profit | 1,000,000 | 21.0M | 20.0M | 41.0M | 10.0M | 105.0M | 109.0M | 238.0M | 292.0M | 217.0M | 192.0M | 238.0M | 222.0M | 207.0M |
| Gross Margin % | 0.7% | 7.1% | 5.3% | 7.1% | 2.4% | 16.6% | 13.8% | 22.1% | 26.5% | 25.7% | 22.9% | 23.9% | 23.6% | 25.2% |
| Total Operating Cost | 237.0M | 384.0M | 457.0M | 707.0M | 795.0M | 679.0M | 893.0M | 1.1B | 1.0B | 791.0M | 811.0M | 939.0M | 880.0M | 748.0M |
| Selling Expenses | 16.2M | 17.8M | 23.1M | 41.7M | 57.4M | 63.4M | 83.1M | 83.3M | 87.8M | 70.3M | 64.7M | 77.1M | 63.5M | 48.4M |
| Admin Expenses | 32.9M | 37.1M | 33.5M | 46.7M | 57.3M | 36.2M | 37.3M | 40.0M | 101.0M | 78.7M | 74.8M | 71.2M | 74.2M | 63.4M |
| Rd Expenses | 17.8M | 19.2M | 27.7M | 47.2M | 51.4M | 42.5M | 54.5M | 65.8M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 3.6M | 8.7M | -15.6M | 17.8M | 22.1M | -3.7M | -4.6M | 31.4M | -13.8M | -2.6M | 7.9M | 13.7M | 10.0M | 7.4M |
| Operating Income | -98.2M | -85.0M | -5.8M | -121.0M | -361.0M | 173,000 | -94.0M | 8.3M | 76.1M | 51.2M | 29.2M | 57.4M | 60.5M | 75.2M |
| Operating Margin % | -72.8% | -28.9% | -1.5% | -21.0% | -86.4% | 0.0% | -11.9% | 0.8% | 6.9% | 6.1% | 3.5% | 5.8% | 6.4% | 9.1% |
| Non Operating Income | 1.1M | 2.4M | 1.0M | 1.9M | 200,600 | 6.0M | 3.1M | 6.8M | 9.0M | 6.4M | 6.9M | 8.6M | 13.2M | 5.2M |
| Non Operating Expenses | 286,900 | 796,400 | 438,500 | 1.2M | 3.5M | 796,400 | 1.0M | 2.7M | 8.2M | 665,900 | 534,500 | 617,200 | 458,400 | 593,100 |
| Investment Income | 0.00 | 42,100 | 65.0M | -- | -96,300 | -49,400 | 1.3M | -1.4M | -2.4M | -683,500 | 110,700 | -- | -- | 22,600 |
| Asset Disposal Income | -19,600 | -53,000 | 48,600 | -- | -268,800 | -300.00 | 4,000 | -288,400 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 10.9M | 3.7M | 9.1M | 15.7M | 56.9M | 11.7M | 33.6M | 14.5M | 32.7M | 14.8M | 9.7M | 15.6M | 8.3M | 9.3M |
| Other Income | 4.5M | 4.8M | 7.1M | 9.0M | 16.3M | 48.4M | 7.1M | 15.6M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -97.5M | -83.4M | -5.2M | -120.0M | -364.0M | 5.4M | -91.9M | 12.4M | 76.8M | 56.9M | 35.6M | 65.4M | 73.3M | 79.8M |
| Income Tax | 33.5M | 34,800 | 837,400 | 4.8M | 4.7M | -4.8M | -17.6M | -2.6M | 12.9M | 6.7M | 4.3M | 7.7M | 8.2M | 10.2M |
| Net Income | -131.0M | -83.5M | -6.0M | -125.0M | -369.0M | 10.1M | -74.4M | 15.0M | 64.0M | 50.2M | 31.3M | 57.7M | 65.1M | 69.6M |
| Net Margin % | -97.0% | -28.4% | -1.6% | -21.7% | -88.3% | 1.6% | -9.4% | 1.4% | 5.8% | 6.0% | 3.7% | 5.8% | 6.9% | 8.5% |
| Net Income Attributable | -131.0M | -82.1M | -5.5M | -125.0M | -368.0M | 10.2M | -74.4M | 15.0M | 64.0M | 50.2M | 31.3M | 57.7M | 65.1M | 69.6M |
| Minority Interest | -89,900 | -1.3M | -505,100 | 143,200 | -963,200 | -27,400 | -- | -- | -- | -- | -- | -- | -- | -6,700 |
| Eps Basic | -0.78 | -0.49 | -0.03 | -0.75 | -2.20 | 0.06 | -0.45 | 0.09 | 0.51 | 0.40 | 0.25 | 0.46 | 0.52 | 0.55 |
| Eps Diluted | -0.78 | -0.49 | -0.03 | -0.75 | -2.20 | 0.06 | -0.45 | 0.09 | 0.51 | 0.40 | 0.25 | 0.46 | 0.52 | 0.55 |
| 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 | 25.8M | 18.4M | 13.8M | 21.6M | 62.8M | 33.3M | 45.9M | 104.0M | 155.0M | 215.0M | 123.0M | 100.0M | 38.6M | 50.8M |
| Accounts Receivable | 120.0M | 171.0M | 164.0M | 217.0M | 296.0M | 484.0M | 487.0M | 564.0M | 587.0M | 412.0M | 451.0M | 462.0M | 359.0M | 279.0M |
| Notes Receivable | 2.0M | 617,000 | 11.8M | 318,900 | 2.1M | 1.5M | 864,300 | 1.8M | -- | 35.5M | 17.3M | 3.5M | 1.2M | 17.3M |
| Notes And Accounts Receivable | 122.0M | 171.0M | 175.0M | 218.0M | 298.0M | 486.0M | 488.0M | 566.0M | 587.0M | 447.0M | 468.0M | 466.0M | 360.0M | 297.0M |
| Prepayments | 5.7M | 10.7M | 7.1M | 5.8M | 5.8M | 4.2M | 13.9M | 51.8M | 6.2M | 12.4M | 4.9M | 8.8M | 14.5M | 11.9M |
| Inventory | 32.4M | 46.4M | 140.0M | 158.0M | 139.0M | 161.0M | 198.0M | 216.0M | 221.0M | 168.0M | 103.0M | 106.0M | 165.0M | 160.0M |
| Total Current Assets | 194.0M | 254.0M | 389.0M | 430.0M | 522.0M | 715.0M | 772.0M | 1.1B | 1.0B | 867.0M | 718.0M | 696.0M | 608.0M | 548.0M |
| Long Term Equity Investment | -- | -- | -- | -- | -- | 22.0M | 22.1M | 21.8M | 24.2M | 29.4M | 30.1M | 14.7M | -- | -- |
| Fixed Assets | -- | 118.0M | 135.0M | 163.0M | 149.0M | 142.0M | 155.0M | 153.0M | 124.0M | 120.0M | 130.0M | 129.0M | 133.0M | 113.0M |
| Fixed Assets Total | 105.0M | 118.0M | 135.0M | 163.0M | 149.0M | 142.0M | 155.0M | 153.0M | 124.0M | 120.0M | 130.0M | 129.0M | 133.0M | 113.0M |
| Construction In Progress | -- | 4.1M | 275,200 | 275,200 | -- | 8.7M | 335,700 | 275,700 | 26.6M | 311,500 | -- | -- | 3.5M | -- |
| Construction In Progress Total | 4.5M | 4.1M | 275,200 | 275,200 | -- | 8.7M | 335,700 | 275,700 | 26.6M | 311,500 | -- | -- | 3.5M | -- |
| Intangible Assets | 13.1M | 14.6M | 17.2M | 21.0M | 24.1M | 16.1M | 16.7M | 17.3M | 17.8M | 17.1M | 17.5M | 17.8M | 18.4M | 6.7M |
| Long Term Deferred Expenses | -- | -- | 568,000 | 2.0M | 2.0M | 116,700 | 1.1M | -- | 2.4M | 1.8M | -- | -- | -- | -- |
| Total Non Current Assets | 223.0M | 181.0M | 204.0M | 266.0M | 279.0M | 352.0M | 394.0M | 270.0M | 251.0M | 198.0M | 203.0M | 186.0M | 189.0M | 122.0M |
| Total Assets | 416.0M | 435.0M | 593.0M | 696.0M | 800.0M | 1.1B | 1.2B | 1.3B | 1.3B | 1.1B | 921.0M | 882.0M | 797.0M | 670.0M |
| Short Term Borrowings | 39.5M | 12.8M | 39.9M | 51.5M | 71.9M | 59.3M | 102.0M | 120.0M | 78.9M | 81.0M | 122.0M | 60.0M | 40.0M | 63.7M |
| Accounts Payable | 106.0M | 106.0M | 113.0M | 200.0M | 231.0M | 247.0M | 304.0M | 305.0M | 319.0M | 272.0M | 190.0M | 185.0M | 210.0M | 177.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 20.1M | 25.8M | 46.7M | 59.5M | 64.8M | 28.3M | 24.0M | 37.7M | 35.9M |
| Contract Liabilities | 15.1M | 23.2M | 52.2M | 29.7M | 29.8M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 243.0M | 285.0M | 358.0M | 425.0M | 432.0M | 372.0M | 542.0M | 655.0M | 573.0M | 471.0M | 414.0M | 408.0M | 352.0M | 321.0M |
| Long Term Borrowings | 18.0M | 225,000 | -- | 233,500 | 521,500 | 809,500 | 1.1M | 1.4M | 19.9M | 18.0M | -- | -- | 29.0M | -- |
| Total Non Current Liabilities | 23.6M | 10.8M | 12.2M | 43.1M | 15.5M | 18.5M | 20.4M | 23.0M | 49.8M | 40.1M | 3.6M | 1.5M | 30.8M | -- |
| Total Liabilities | 267.0M | 296.0M | 370.0M | 468.0M | 447.0M | 390.0M | 563.0M | 678.0M | 623.0M | 511.0M | 418.0M | 410.0M | 383.0M | 321.0M |
| Paid In Capital | 167.0M | 167.0M | 167.0M | 167.0M | 167.0M | 167.0M | 167.0M | 167.0M | 125.0M | 125.0M | 125.0M | 125.0M | 125.0M | 125.0M |
| Capital Reserve | 383.0M | 242.0M | 242.0M | 242.0M | 242.0M | 198.0M | 134.0M | 104.0M | 150.0M | 126.0M | 126.0M | 126.0M | 126.0M | 126.0M |
| Surplus Reserve | 31.3M | 31.3M | 31.3M | 31.3M | 31.3M | 31.3M | 31.3M | 31.3M | 31.3M | 19.9M | 15.3M | 14.5M | 11.5M | 9.4M |
| Retained Earnings | -431.0M | -300.0M | -218.0M | -213.0M | -87.6M | 280.0M | 270.0M | 345.0M | 343.0M | 282.0M | 236.0M | 206.0M | 151.0M | 88.1M |
| Minority Equity | 56,000 | 146,000 | 1.5M | 1.1M | 661,900 | 52,600 | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 150.0M | 139.0M | 221.0M | 227.0M | 352.0M | 677.0M | 603.0M | 647.0M | 649.0M | 554.0M | 503.0M | 472.0M | 414.0M | 349.0M |
| Total Equity | 150.0M | 139.0M | 223.0M | 228.0M | 353.0M | 677.0M | 603.0M | 647.0M | 649.0M | 554.0M | 503.0M | 472.0M | 414.0M | 349.0M |
| 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 | 187.0M | 269.0M | 453.0M | 623.0M | 524.0M | 695.0M | 890.0M | 1.1B | 1.0B | 996.0M | 903.0M | 947.0M | 903.0M | 801.0M |
| Tax Refunds Received | 3.8M | 7.6M | 14.5M | 17.5M | 24.2M | 32.7M | 129.0M | 83.8M | 81.4M | 35.4M | 56.3M | 53.5M | 71.8M | 51.6M |
| Total Operating Cash Inflow | 197.0M | 297.0M | 497.0M | 667.0M | 580.0M | 794.0M | 1.1B | 1.3B | 1.1B | 1.1B | 996.0M | 1.1B | 1.0B | 866.0M |
| Cash Paid For Goods | 112.0M | 162.0M | 378.0M | 489.0M | 402.0M | 523.0M | 819.0M | 972.0M | 833.0M | 700.0M | 688.0M | 751.0M | 701.0M | 644.0M |
| Cash Paid To Employees | 63.5M | 82.1M | 91.8M | 149.0M | 134.0M | 120.0M | 159.0M | 177.0M | 162.0M | 119.0M | 97.3M | 125.0M | 110.0M | 81.5M |
| Taxes Paid | 3.5M | 6.0M | 5.3M | 5.2M | 10.4M | 12.2M | 23.5M | 28.1M | 30.0M | 23.6M | 35.8M | 22.2M | 36.3M | 28.6M |
| Total Operating Cash Outflow | 223.0M | 289.0M | 532.0M | 714.0M | 624.0M | 738.0M | 1.1B | 1.3B | 1.2B | 953.0M | 936.0M | 1.0B | 958.0M | 825.0M |
| Operating Cash Flow | -26.3M | 8.9M | -35.9M | -47.0M | -44.5M | 55.4M | -55.0M | -64.6M | -18.3M | 112.0M | 59.3M | 37.6M | 54.2M | 41.0M |
| Total Investing Cash Inflow | 19,900 | 42.2M | 47.4M | 407,100 | 38.9M | 88,200 | 310.0M | 142.0M | 885,200 | 20.0M | 19.6M | 18.3M | 2.2M | 50.1M |
| Total Investing Cash Outflow | 3.6M | 4.6M | 3.2M | 18.0M | 25.5M | 20.9M | 266.0M | 364.0M | 43.2M | 11.7M | 43.4M | 26.8M | 84.0M | 17.2M |
| Investing Cash Flow | -3.6M | 37.6M | 44.2M | -17.6M | 13.4M | -20.9M | 43.8M | -222.0M | -42.3M | 8.3M | -23.8M | -8.5M | -81.8M | 32.9M |
| Cash From Borrowings | 56.5M | 11.0M | 40.0M | 61.9M | 71.8M | 101.0M | 128.0M | 140.0M | 109.0M | 88.7M | 130.0M | 110.0M | 151.0M | 63.8M |
| Dividends And Interest Paid | 2.0M | 3.3M | 3.0M | 3.7M | 4.9M | 4.6M | 12.6M | 17.3M | 9.3M | 7.6M | 7.3M | 7.2M | 22.3M | 34.7M |
| Debt Repayments | 9.8M | 31.2M | 58.8M | 82.7M | 59.5M | 144.0M | 149.0M | 117.0M | 124.0M | 130.0M | 137.0M | 51.5M | 144.0M | 125.0M |
| Total Financing Cash Inflow | 116.0M | 56.8M | 139.0M | 144.0M | 121.0M | 103.0M | 128.0M | 402.0M | 119.0M | 88.7M | 130.0M | 111.0M | 200.0M | 66.3M |
| Total Financing Cash Outflow | 76.5M | 90.2M | 162.0M | 115.0M | 66.4M | 149.0M | 161.0M | 140.0M | 141.0M | 137.0M | 144.0M | 85.4M | 189.0M | 160.0M |
| Financing Cash Flow | 39.3M | -33.5M | -22.3M | 28.7M | 54.9M | -46.1M | -33.0M | 263.0M | -21.7M | -48.6M | -14.3M | 25.6M | 10.7M | -93.4M |
| Net Change In Cash | 9.5M | 11.6M | -13.0M | -35.8M | 23.7M | -11.3M | -43.1M | -24.8M | -82.2M | 71.3M | 21.1M | 54.7M | -16.9M | -19.6M |
| Ending Cash Balance | 24.6M | 15.2M | 3.6M | 16.5M | 52.3M | 28.6M | 39.9M | 83.0M | 108.0M | 179.0M | 108.0M | 86.5M | 31.8M | 48.8M |
| Capex | 3.6M | 4.6M | 3.2M | 18.0M | 25.5M | 20.9M | 23.3M | 30.5M | 37.7M | 11.7M | 28.1M | 12.1M | 54.0M | 16.5M |