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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.2B | 3.9B | 3.8B | 3.0B | 2.2B | 1.9B | 1.5B | 1.2B | 1.1B | 1.0B | 845.0M | 615.0M | 505.0M |
| Revenue Growth % | 8.1% | 1.8% | 27.2% | 37.3% | 16.6% | 24.0% | 31.2% | 5.2% | 7.9% | 20.4% | 37.4% | 21.8% | -- |
| Total Revenue | 4.2B | 3.9B | 3.8B | 3.0B | 2.2B | 1.9B | 1.5B | 1.2B | 1.1B | 1.0B | 845.0M | 615.0M | 505.0M |
| Cost Of Revenue | 3.4B | 3.4B | 3.1B | 2.5B | 1.6B | 1.2B | 1.0B | 835.0M | 818.0M | 758.0M | 664.0M | 533.0M | 409.0M |
| Gross Profit | 757.0M | 491.0M | 728.0M | 528.0M | 609.0M | 714.0M | 486.0M | 319.0M | 279.0M | 259.0M | 181.0M | 82.0M | 96.0M |
| Gross Margin % | 18.0% | 12.6% | 19.0% | 17.6% | 27.8% | 38.0% | 32.1% | 27.6% | 25.4% | 25.5% | 21.4% | 13.3% | 19.0% |
| Total Operating Cost | 4.1B | 4.0B | 3.7B | 3.0B | 2.0B | 1.6B | 1.4B | 1.1B | 1.1B | 937.0M | 787.0M | 615.0M | 462.0M |
| Selling Expenses | 394.0M | 393.0M | 436.0M | 411.0M | 364.0M | 382.0M | 298.0M | 228.0M | 194.0M | 142.0M | 92.1M | 60.6M | 31.0M |
| Admin Expenses | 113.0M | 109.0M | 98.7M | 72.9M | 63.7M | 78.2M | 49.9M | 30.3M | 26.7M | 29.4M | 23.9M | 16.8M | 18.3M |
| Rd Expenses | 15.7M | 21.2M | 13.5M | 5.5M | 4.6M | 3.8M | 3.1M | 1.9M | 2.2M | 572,400 | -- | -- | -- |
| Finance Expenses | 50.4M | 40.0M | 25.9M | 14.0M | 3.8M | 12.0M | 14.4M | 8.4M | 4.3M | 5.4M | 5.9M | 4.1M | 2.4M |
| Operating Income | 153.0M | -135.0M | 125.0M | 32.2M | 181.0M | 244.0M | 121.0M | 55.7M | 48.1M | 79.1M | 57.4M | 691,700 | 43.5M |
| Operating Margin % | 3.6% | -3.5% | 3.3% | 1.1% | 8.3% | 13.0% | 8.0% | 4.8% | 4.4% | 7.8% | 6.8% | 0.1% | 8.6% |
| Non Operating Income | 1.7M | 2.2M | 1.8M | 2.5M | 1.5M | 607,300 | 688,200 | 8.8M | 5.9M | 5.8M | 5.8M | 5.5M | 1.7M |
| Non Operating Expenses | 43.6M | 7.9M | 3.9M | 3.6M | 5.6M | 12.2M | 3.4M | 2.6M | 452,100 | 253,200 | 1.6M | 2.3M | 2.2M |
| Investment Income | 930,600 | 1.2M | 1.1M | 1.6M | 2.8M | 1.6M | 1.4M | 1.4M | 1.0M | -- | 63,800 | 691,300 | 54,700 |
| Fair Value Change Income | 150,800 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 359,900 | -319,200 | 151,000 | -902,400 | 87,700 | 919,800 | -728,100 | -96,500 | 3.3M | -868,300 | -- | -- | -- |
| Asset Impairment Loss | 38.0M | 66.6M | 32.6M | 4.1M | 2.9M | 1.7M | 4.4M | 1.4M | 7.2M | 1.6M | 1.8M | 695,100 | 918,600 |
| Other Income | 23.9M | 17.8M | 20.1M | 19.2M | 16.2M | 10.0M | 7.4M | 7.6M | -- | -- | -- | -- | -- |
| Income Before Tax | 111.0M | -141.0M | 123.0M | 31.2M | 177.0M | 233.0M | 118.0M | 61.9M | 53.5M | 84.7M | 61.7M | 3.9M | 42.9M |
| Income Tax | 9.1M | 7.2M | 9.6M | 2.5M | 7.2M | 3.2M | 2.8M | 1.8M | 1.5M | 340,700 | -- | -- | 17,300 |
| Net Income | 102.0M | -148.0M | 113.0M | 28.7M | 170.0M | 229.0M | 115.0M | 60.1M | 51.9M | 84.4M | 61.7M | 3.9M | 42.9M |
| Net Margin % | 2.4% | -3.8% | 3.0% | 1.0% | 7.8% | 12.2% | 7.6% | 5.2% | 4.7% | 8.3% | 7.3% | 0.6% | 8.5% |
| Net Income Attributable | 98.1M | -147.0M | 106.0M | 25.7M | 174.0M | 227.0M | 114.0M | 59.5M | 52.2M | 84.0M | 61.1M | 4.1M | 43.0M |
| Minority Interest | 3.5M | -580,600 | 7.4M | 3.0M | -4.3M | 2.3M | 1.2M | 598,100 | -264,700 | 367,000 | 524,900 | -186,300 | -95,700 |
| Eps Basic | 0.69 | -1.03 | 0.74 | 0.25 | 1.87 | 2.98 | 1.50 | 0.78 | 0.68 | 1.10 | 0.80 | 0.05 | 0.58 |
| Eps Diluted | 0.69 | -1.03 | 0.71 | 0.25 | 1.87 | 2.98 | 1.50 | 0.78 | 0.68 | 1.10 | 0.80 | 0.05 | 0.58 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 385.0M | 342.0M | 602.0M | 298.0M | 662.0M | 192.0M | 112.0M | 78.1M | 89.7M | 67.6M | 43.6M | 18.8M | 27.4M |
| Trading Financial Assets | 2.9M | 1.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 294.0M | 263.0M | 316.0M | 206.0M | 185.0M | 157.0M | 143.0M | 100.0M | -- | -- | 58.7M | 41.2M | 24.1M |
| Notes And Accounts Receivable | 294.0M | 263.0M | 316.0M | 206.0M | 185.0M | 157.0M | 143.0M | 100.0M | 80.5M | 86.9M | 58.7M | 41.2M | 24.1M |
| Prepayments | 43.2M | 24.3M | 41.9M | 24.2M | 14.0M | 7.7M | 3.8M | 4.2M | 6.2M | 7.4M | 1.5M | 3.5M | 2.8M |
| Inventory | 564.0M | 584.0M | 545.0M | 447.0M | 282.0M | 186.0M | 159.0M | 155.0M | 127.0M | 98.4M | 97.7M | 101.0M | 96.3M |
| Total Current Assets | 1.3B | 1.3B | 1.6B | 1.0B | 1.2B | 563.0M | 428.0M | 352.0M | 314.0M | 269.0M | 210.0M | 171.0M | 158.0M |
| Fixed Assets | -- | 1.9B | 1.7B | 1.2B | 850.0M | 528.0M | 549.0M | 522.0M | -- | -- | 210.0M | 190.0M | 93.5M |
| Fixed Assets Total | 2.1B | 1.9B | 1.7B | 1.2B | 850.0M | 528.0M | 549.0M | 522.0M | 273.0M | 253.0M | 210.0M | 190.0M | 93.5M |
| Construction In Progress | -- | 228.0M | 142.0M | 385.0M | 121.0M | 91.0M | 12.9M | 15.6M | -- | 23.1M | 28.3M | 23.0M | 57.4M |
| Construction In Progress Total | 331.0M | 228.0M | 142.0M | 385.0M | 121.0M | 91.0M | 12.9M | 15.6M | 99.0M | 23.1M | 28.3M | 23.0M | 57.4M |
| Intangible Assets | 163.0M | 166.0M | 129.0M | 134.0M | 102.0M | 75.5M | 76.4M | 75.9M | 51.4M | 49.5M | 10.7M | 11.3M | 9.6M |
| Long Term Deferred Expenses | 5.2M | 8.5M | 7.4M | 8.8M | 14.2M | 3.9M | 2.9M | 4.4M | 2.3M | 1.9M | 1.2M | 1.3M | 1.2M |
| Total Non Current Assets | 2.8B | 2.6B | 2.2B | 1.8B | 1.2B | 771.0M | 675.0M | 652.0M | 459.0M | 358.0M | 283.0M | 244.0M | 178.0M |
| Total Assets | 4.2B | 3.9B | 3.8B | 2.9B | 2.4B | 1.3B | 1.1B | 1.0B | 773.0M | 628.0M | 493.0M | 415.0M | 337.0M |
| Short Term Borrowings | 303.0M | 236.0M | 140.0M | 229.0M | 178.0M | 57.0M | 61.0M | 101.0M | 76.8M | 62.0M | 30.0M | 62.8M | 40.0M |
| Accounts Payable | 259.0M | 286.0M | 217.0M | 227.0M | 132.0M | 71.5M | 81.6M | 88.8M | -- | -- | 31.2M | 40.9M | 14.5M |
| Advance Receipts | 40,000 | 60,300 | 1.7M | -- | -- | 6.2M | 2.7M | 2.5M | 2.1M | 1.3M | 1.0M | 2.1M | 3.2M |
| Contract Liabilities | 11.6M | 12.9M | 27.8M | 6.3M | 6.9M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.1B | 971.0M | 762.0M | 778.0M | 569.0M | 334.0M | 365.0M | 337.0M | 235.0M | 206.0M | 179.0M | 164.0M | 103.0M |
| Long Term Borrowings | 606.0M | 463.0M | 444.0M | 271.0M | 99.0M | 97.9M | 73.0M | 106.0M | 80.0M | 16.0M | 10.0M | 14.0M | -- |
| Total Non Current Liabilities | 1.3B | 1.1B | 1.1B | 411.0M | 176.0M | 165.0M | 133.0M | 177.0M | 132.0M | 49.1M | 17.2M | 20.1M | 5.9M |
| Total Liabilities | 2.4B | 2.1B | 1.9B | 1.2B | 744.0M | 500.0M | 499.0M | 514.0M | 368.0M | 255.0M | 196.0M | 184.0M | 109.0M |
| Paid In Capital | 145.0M | 143.0M | 102.0M | 102.0M | 102.0M | 76.2M | 76.2M | 76.2M | 76.2M | 76.2M | 76.2M | 76.2M | 76.2M |
| Capital Reserve | 688.0M | 686.0M | 726.0M | 726.0M | 726.0M | 106.0M | 106.0M | 106.0M | 106.0M | 106.0M | 106.0M | 102.0M | 103.0M |
| Surplus Reserve | 64.9M | 50.9M | 50.9M | 50.9M | 50.9M | 38.4M | 38.4M | 29.1M | 23.3M | 16.5M | 9.4M | 4.6M | 3.2M |
| Retained Earnings | 752.0M | 668.0M | 835.0M | 729.0M | 725.0M | 584.0M | 357.0M | 252.0M | 198.0M | 172.0M | 104.0M | 47.8M | 45.1M |
| Minority Equity | 81.4M | 73.9M | 78.1M | 70.7M | 29.2M | 29.8M | 27.5M | 26.3M | 883,100 | 1.3M | 938,700 | 413,700 | -- |
| Equity Attributable | 1.7B | 1.7B | 1.8B | 1.6B | 1.6B | 805.0M | 578.0M | 463.0M | 404.0M | 371.0M | 296.0M | 231.0M | 227.0M |
| Total Equity | 1.8B | 1.7B | 1.9B | 1.7B | 1.6B | 834.0M | 605.0M | 490.0M | 405.0M | 372.0M | 297.0M | 231.0M | 227.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 4.2B | 4.0B | 3.8B | 3.1B | 2.2B | 1.9B | 1.5B | 1.1B | 1.1B | 987.0M | 825.0M | 596.0M | 490.0M |
| Tax Refunds Received | 3.6M | 1.7M | 1,200 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 4.3B | 4.1B | 3.9B | 3.2B | 2.3B | 1.9B | 1.5B | 1.2B | 1.1B | 1.0B | 868.0M | 627.0M | 503.0M |
| Cash Paid For Goods | 3.1B | 3.2B | 3.0B | 2.4B | 1.5B | 1.1B | 943.0M | 797.0M | 783.0M | 722.0M | 632.0M | 482.0M | 425.0M |
| Cash Paid To Employees | 495.0M | 495.0M | 494.0M | 462.0M | 374.0M | 308.0M | 258.0M | 206.0M | 168.0M | 124.0M | 82.1M | 60.3M | 27.6M |
| Taxes Paid | 20.0M | 25.3M | 16.3M | 15.2M | 9.3M | 6.6M | 6.6M | 4.1M | 3.1M | 1.1M | 1.1M | 1.3M | 1.8M |
| Total Operating Cash Outflow | 3.9B | 3.9B | 3.7B | 3.1B | 2.1B | 1.6B | 1.3B | 1.1B | 1.0B | 923.0M | 778.0M | 592.0M | 481.0M |
| Operating Cash Flow | 380.0M | 162.0M | 121.0M | 114.0M | 161.0M | 302.0M | 183.0M | 66.1M | 73.6M | 89.5M | 89.5M | 35.3M | 22.0M |
| Total Investing Cash Inflow | 22.1M | 21.8M | 62.0M | 119.0M | 888.0M | 134.0M | 3.2M | 1.7M | 6.5M | 26.6M | 4.9M | 576,100 | 104,800 |
| Total Investing Cash Outflow | 510.0M | 499.0M | 540.0M | 804.0M | 1.3B | 296.0M | 96.2M | 154.0M | 118.0M | 95.5M | 64.9M | 77.9M | 85.9M |
| Investing Cash Flow | -488.0M | -477.0M | -478.0M | -685.0M | -438.0M | -162.0M | -93.0M | -153.0M | -112.0M | -68.9M | -60.0M | -77.3M | -85.8M |
| Cash From Borrowings | 630.0M | 384.0M | 1.0B | 471.0M | 227.0M | 87.0M | 90.0M | 151.0M | 141.0M | 78.0M | 30.0M | 76.8M | 48.0M |
| Dividends And Interest Paid | 29.5M | 50.8M | 29.3M | 39.7M | 31.3M | 10.3M | 11.0M | 11.5M | 25.0M | 14.7M | 6.0M | 4.0M | 2.9M |
| Debt Repayments | 431.0M | 244.0M | 310.0M | 254.0M | 97.6M | 120.0M | 128.0M | 83.8M | 74.0M | 30.0M | 62.8M | 40.0M | 49.0M |
| Total Financing Cash Inflow | 672.0M | 393.0M | 1.0B | 516.0M | 908.0M | 87.1M | 92.5M | 191.0M | 160.0M | 78.0M | 64.1M | 77.4M | 126.0M |
| Total Financing Cash Outflow | 520.0M | 337.0M | 368.0M | 309.0M | 161.0M | 147.0M | 148.0M | 116.0M | 99.4M | 74.7M | 68.8M | 44.0M | 51.9M |
| Financing Cash Flow | 152.0M | 55.7M | 660.0M | 207.0M | 747.0M | -60.3M | -55.9M | 74.9M | 60.4M | 3.3M | -4.7M | 33.4M | 74.1M |
| Net Change In Cash | 43.2M | -260.0M | 303.0M | -364.0M | 471.0M | 79.8M | 34.1M | -11.7M | 22.1M | 24.0M | 24.8M | -8.6M | 10.4M |
| Ending Cash Balance | 385.0M | 342.0M | 602.0M | 298.0M | 662.0M | 192.0M | 112.0M | 78.1M | 89.7M | 67.6M | 43.6M | 18.8M | 27.4M |
| Capex | 489.0M | 478.0M | 474.0M | 673.0M | 421.0M | 166.0M | 96.2M | 154.0M | 118.0M | 79.7M | 64.9M | 77.9M | 83.4M |