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 | 1.9B | 1.5B | 635.0M | 422.0M | 991.0M | 954.0M | 771.0M | 1.1B | 830.0M | 451.0M | 415.0M | 356.0M | 299.0M | 302.0M |
| Revenue Growth % | 27.1% | 135.6% | 50.5% | -57.4% | 3.9% | 23.7% | -27.7% | 28.6% | 84.0% | 8.7% | 16.6% | 19.1% | -1.0% | -- |
| Total Revenue | 1.9B | 1.5B | 635.0M | 422.0M | 991.0M | 954.0M | 771.0M | 1.1B | 830.0M | 451.0M | 415.0M | 356.0M | 299.0M | 302.0M |
| Cost Of Revenue | 1.7B | 1.4B | 639.0M | 614.0M | 774.0M | 730.0M | 545.0M | 854.0M | 719.0M | 312.0M | 270.0M | 232.0M | 177.0M | 190.0M |
| Gross Profit | 199.0M | 91.0M | -4.0M | -192.0M | 217.0M | 224.0M | 226.0M | 213.0M | 111.0M | 139.0M | 145.0M | 124.0M | 122.0M | 112.0M |
| Gross Margin % | 10.5% | 6.1% | -0.6% | -45.5% | 21.9% | 23.5% | 29.3% | 20.0% | 13.4% | 30.8% | 34.9% | 34.8% | 40.8% | 37.1% |
| Total Operating Cost | 2.0B | 1.7B | 933.0M | 899.0M | 987.0M | 898.0M | 703.0M | 980.0M | 772.0M | 403.0M | 341.0M | 280.0M | 231.0M | 234.0M |
| Selling Expenses | 21.3M | 21.0M | 8.6M | 11.4M | 8.6M | 8.1M | 9.0M | 17.9M | 6.1M | 6.8M | 4.9M | 1.9M | 3.4M | 8.1M |
| Admin Expenses | 105.0M | 126.0M | 120.0M | 110.0M | 112.0M | 75.8M | 68.3M | 55.3M | 41.7M | 50.5M | 36.6M | 25.1M | 27.5M | 24.1M |
| Rd Expenses | 63.6M | 46.3M | 11.5M | 9.1M | 20.6M | 19.7M | 11.4M | 5.0M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 41.5M | 43.4M | 43.1M | 47.5M | 50.0M | 24.7M | 20.0M | 16.6M | 9.3M | 9.5M | 11.6M | 11.4M | 9.0M | 5.0M |
| Operating Income | -66.4M | -180.0M | -298.0M | -472.0M | 14.2M | 89.0M | 81.0M | 93.9M | 57.3M | 47.5M | 73.9M | 75.3M | 69.1M | 67.4M |
| Operating Margin % | -3.5% | -12.0% | -46.9% | -111.8% | 1.4% | 9.3% | 10.5% | 8.8% | 6.9% | 10.5% | 17.8% | 21.2% | 23.1% | 22.3% |
| Non Operating Income | 527,600 | 2.0M | 252,100 | 4.1M | 4.3M | 5.8M | 9.7M | 4.7M | 9.1M | 14.2M | 9.0M | 7.4M | 6.8M | 45.0M |
| Non Operating Expenses | 632,400 | 1.1M | 10.8M | 1.8M | 2.4M | 11.9M | 1.5M | 802,600 | 364,600 | 538,200 | 1.8M | 1.1M | 606,400 | 44.8M |
| Investment Income | -3.4M | -808,200 | -5.3M | -2.9M | 42,900 | 18.2M | 4.9M | -- | -- | -- | -- | -- | 324,500 | -- |
| Asset Disposal Income | -31,500 | 602,900 | 58,300 | -- | 820,000 | -- | 16,200 | -- | 68,700 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 2.4M | -3.1M | 63.6M | 28.6M | 712,400 | -- | 38.9M | 22.6M | -8.5M | 14.6M | 8.8M | 2.2M | 8.7M | 572,200 |
| Other Income | 6.9M | 5.8M | 5.8M | 7.9M | 8.5M | 14.3M | 8.1M | 7.2M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -66.5M | -179.0M | -308.0M | -470.0M | 16.1M | 83.0M | 89.2M | 97.8M | 66.0M | 61.1M | 81.1M | 81.6M | 75.3M | 67.5M |
| Income Tax | -2.8M | -16.2M | -47.9M | -108.0M | 2.0M | 15.6M | 18.4M | 27.5M | 15.4M | 18.0M | 18.9M | 19.9M | 14.7M | 15.5M |
| Net Income | -63.7M | -163.0M | -260.0M | -361.0M | 14.1M | 67.3M | 70.7M | 70.3M | 50.6M | 43.1M | 62.2M | 61.8M | 60.6M | 52.0M |
| Net Margin % | -3.4% | -10.9% | -40.9% | -85.5% | 1.4% | 7.1% | 9.2% | 6.6% | 6.1% | 9.6% | 15.0% | 17.3% | 20.3% | 17.2% |
| Net Income Attributable | -63.7M | -163.0M | -260.0M | -361.0M | 14.1M | 67.3M | 70.9M | 69.9M | 50.2M | 43.5M | 62.3M | 61.4M | 60.3M | 50.9M |
| Minority Interest | -- | -- | -- | -- | -- | -4.00 | -130,500 | 357,600 | 391,200 | -347,200 | -129,000 | 390,600 | 276,000 | 1.1M |
| Eps Basic | -0.26 | -0.66 | -1.06 | -1.47 | 0.06 | 0.27 | 0.29 | 0.36 | 0.26 | 0.23 | 0.37 | 0.84 | 0.83 | 0.70 |
| Eps Diluted | -0.26 | -0.66 | -1.06 | -1.47 | 0.06 | 0.27 | 0.29 | 0.36 | 0.26 | 0.23 | 0.37 | 0.84 | 0.83 | 0.70 |
| 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 | 376.0M | 274.0M | 162.0M | 165.0M | 228.0M | 57.7M | 102.0M | 783.0M | 165.0M | 199.0M | 179.0M | 150.0M | 77.2M | 140.0M |
| Accounts Receivable | 1.6B | 1.0B | 677.0M | 560.0M | 733.0M | 824.0M | 896.0M | 536.0M | 397.0M | 393.0M | 265.0M | 209.0M | 195.0M | 66.4M |
| Notes Receivable | 20.7M | 13.5M | 34.8M | 34.1M | 23.0M | 13.2M | 3.3M | 15.1M | 1.1M | 16.4M | -- | 990,700 | 2.8M | 16.5M |
| Notes And Accounts Receivable | 1.6B | 1.0B | 712.0M | 594.0M | 756.0M | 838.0M | 900.0M | 551.0M | 398.0M | 409.0M | 265.0M | 210.0M | 198.0M | 82.9M |
| Prepayments | 25.7M | 41.1M | 34.4M | 13.4M | 21.8M | 7.4M | 17.8M | 20.7M | 7.6M | 1.3M | 14.1M | 19.0M | 23.7M | 9.0M |
| Inventory | 82.5M | 71.8M | 56.7M | 73.2M | 78.6M | 163.0M | 230.0M | 114.0M | 123.0M | 76.0M | 121.0M | 104.0M | 100.0M | 70.3M |
| Total Current Assets | 2.4B | 1.7B | 1.3B | 1.4B | 1.5B | 1.2B | 1.4B | 1.5B | 718.0M | 691.0M | 580.0M | 483.0M | 405.0M | 304.0M |
| Fixed Assets | -- | 1.2B | 1.3B | 1.3B | 1.1B | 1.5B | 483.0M | 420.0M | 274.0M | 278.0M | 203.0M | 193.0M | 199.0M | 173.0M |
| Fixed Assets Total | 931.0M | 1.2B | 1.3B | 1.3B | 1.1B | 1.5B | 483.0M | 420.0M | 274.0M | 278.0M | 203.0M | 193.0M | 199.0M | 173.0M |
| Construction In Progress | -- | 11.9M | 9.6M | 18.3M | 16.2M | 118.0M | 611.0M | 318.0M | 216.0M | 72.1M | 64.8M | 5.3M | 841,500 | 5.4M |
| Construction In Progress Total | 12.7M | 11.9M | 9.6M | 18.3M | 16.2M | 118.0M | 611.0M | 318.0M | 216.0M | 72.1M | 64.8M | 5.3M | 841,500 | 5.4M |
| Intangible Assets | 84.6M | 89.4M | 95.4M | 95.3M | 96.1M | 136.0M | 139.0M | 114.0M | 86.1M | 88.1M | 90.1M | 38.9M | 39.8M | 40.8M |
| Total Non Current Assets | 1.6B | 1.6B | 1.6B | 1.7B | 1.7B | 1.8B | 1.3B | 994.0M | 585.0M | 450.0M | 366.0M | 242.0M | 247.0M | 222.0M |
| Total Assets | 4.0B | 3.3B | 3.0B | 3.1B | 3.2B | 2.9B | 2.6B | 2.5B | 1.3B | 1.1B | 946.0M | 726.0M | 652.0M | 526.0M |
| Short Term Borrowings | 1.2B | 1.1B | 1.2B | 1.2B | 716.0M | 453.0M | 368.0M | 421.0M | 195.0M | 158.0M | 215.0M | 110.0M | 70.0M | -- |
| Accounts Payable | 1.6B | 1.0B | 713.0M | 585.0M | 429.0M | 452.0M | 265.0M | 239.0M | 135.0M | 112.0M | 150.0M | 64.8M | 50.1M | 49.2M |
| Advance Receipts | 621,800 | -- | -- | -- | -- | 9.9M | 11.5M | 20.2M | 10.5M | 2.7M | 1.7M | 1.2M | 1.5M | 324,700 |
| Contract Liabilities | 63.9M | 37.8M | 11.2M | 10.6M | 9.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 3.1B | 2.4B | 2.0B | 1.9B | 1.4B | 1.1B | 871.0M | 815.0M | 401.0M | 292.0M | 408.0M | 253.0M | 141.0M | 64.4M |
| Long Term Borrowings | -- | -- | -- | 25.0M | 215.0M | 168.0M | 235.0M | 181.0M | -- | -- | -- | -- | 100.0M | 118.0M |
| Total Non Current Liabilities | 56.9M | 54.5M | 55.0M | 76.4M | 323.0M | 247.0M | 301.0M | 259.0M | 66.1M | 72.0M | 79.8M | 77.9M | 177.0M | 187.0M |
| Total Liabilities | 3.2B | 2.4B | 2.0B | 1.9B | 1.7B | 1.4B | 1.2B | 1.1B | 467.0M | 364.0M | 488.0M | 331.0M | 317.0M | 251.0M |
| Paid In Capital | 246.0M | 246.0M | 246.0M | 246.0M | 246.0M | 246.0M | 246.0M | 246.0M | 195.0M | 195.0M | 73.0M | 73.0M | 73.0M | 73.0M |
| Capital Reserve | 927.0M | 883.0M | 782.0M | 761.0M | 761.0M | 761.0M | 760.0M | 760.0M | 257.0M | 260.0M | 108.0M | 108.0M | 108.0M | 108.0M |
| Surplus Reserve | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 26.6M | 18.3M | 9.8M | 9.4M | 8.6M | 8.6M | 8.0M | 6.9M | 3.4M |
| Retained Earnings | -349.0M | -286.0M | -123.0M | 137.0M | 501.0M | 495.0M | 443.0M | 405.0M | 342.0M | 297.0M | 257.0M | 195.0M | 135.0M | 77.7M |
| Minority Equity | -- | -- | -- | -- | -39.00 | -39.00 | -34.00 | 32,500 | 30.4M | 14.8M | 10.3M | 6.1M | 5.7M | 6.0M |
| Equity Attributable | 841.0M | 863.0M | 932.0M | 1.2B | 1.5B | 1.5B | 1.5B | 1.4B | 806.0M | 762.0M | 448.0M | 388.0M | 329.0M | 269.0M |
| Total Equity | 841.0M | 863.0M | 932.0M | 1.2B | 1.5B | 1.5B | 1.5B | 1.4B | 836.0M | 777.0M | 458.0M | 394.0M | 334.0M | 275.0M |
| 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 | 1.4B | 1.5B | 753.0M | 454.0M | 836.0M | 1.1B | 445.0M | 923.0M | 909.0M | 289.0M | 360.0M | 320.0M | 193.0M | 261.0M |
| Tax Refunds Received | -- | -- | 29.9M | 9.7M | 8.5M | 10.7M | 1.8M | 6.2M | 3.4M | 573,200 | -- | 4.8M | -- | -- |
| Total Operating Cash Inflow | 1.5B | 1.5B | 786.0M | 484.0M | 874.0M | 1.2B | 452.0M | 938.0M | 919.0M | 292.0M | 364.0M | 330.0M | 194.0M | 261.0M |
| Cash Paid For Goods | 1.1B | 1.1B | 563.0M | 409.0M | 737.0M | 797.0M | 587.0M | 944.0M | 790.0M | 250.0M | 249.0M | 183.0M | 213.0M | 210.0M |
| Cash Paid To Employees | 155.0M | 141.0M | 98.8M | 91.0M | 59.8M | 53.6M | 38.9M | 42.4M | 37.8M | 32.0M | 21.6M | 16.7M | 15.2M | 16.8M |
| Taxes Paid | 32.2M | 34.4M | 27.9M | 29.5M | 55.5M | 45.4M | 73.6M | 48.8M | 30.9M | 44.9M | 27.0M | 19.4M | 28.3M | 27.8M |
| Total Operating Cash Outflow | 1.4B | 1.4B | 739.0M | 563.0M | 881.0M | 920.0M | 730.0M | 1.1B | 883.0M | 352.0M | 312.0M | 229.0M | 266.0M | 265.0M |
| Operating Cash Flow | 91.6M | 93.9M | 47.0M | -79.3M | -7.1M | 243.0M | -279.0M | -141.0M | 36.1M | -60.6M | 52.7M | 101.0M | -71.9M | -3.9M |
| Total Investing Cash Inflow | 155,700 | 4.5M | 1.6M | 2.3M | 87.9M | 45.6M | 1.0B | 9.0M | -- | -- | 18.2M | 5.4M | 74.1M | 97.6M |
| Total Investing Cash Outflow | 4.9M | 13.6M | 11.3M | 11.6M | 145.0M | 299.0M | 1.5B | 181.0M | 139.0M | 124.0M | 84.8M | 19.5M | 103.0M | 80.1M |
| Investing Cash Flow | -4.8M | -9.1M | -9.7M | -9.3M | -56.7M | -254.0M | -456.0M | -172.0M | -139.0M | -124.0M | -66.6M | -14.1M | -29.2M | 17.5M |
| Cash From Borrowings | 1.9B | 1.2B | 1.2B | 1.2B | 1.1B | 703.0M | 548.0M | 848.0M | 195.0M | 158.0M | 235.0M | 110.0M | 70.0M | 50.0M |
| Dividends And Interest Paid | 40.3M | 45.6M | 43.1M | 50.8M | 55.1M | 51.4M | 64.4M | 24.0M | 15.7M | 14.1M | 11.7M | 10.7M | 9.7M | 4.9M |
| Debt Repayments | 1.8B | 1.3B | 1.3B | 1.0B | 742.0M | 659.0M | 453.0M | 398.0M | 158.0M | 215.0M | 188.0M | 112.0M | 17.5M | 7.5M |
| Total Financing Cash Inflow | 2.0B | 1.3B | 1.3B | 1.2B | 1.1B | 703.0M | 548.0M | 1.4B | 341.0M | 494.0M | 242.0M | 116.0M | 70.3M | 60.2M |
| Total Financing Cash Outflow | 1.9B | 1.3B | 1.3B | 1.2B | 864.0M | 711.0M | 519.0M | 492.0M | 275.0M | 277.0M | 212.0M | 125.0M | 38.9M | 16.9M |
| Financing Cash Flow | 25.2M | 15.8M | -40.8M | 22.4M | 252.0M | -7.6M | 29.0M | 913.0M | 65.7M | 217.0M | 30.1M | -8.1M | 31.5M | 43.3M |
| Net Change In Cash | 112.0M | 101.0M | -3.4M | -66.8M | 188.0M | -17.9M | -705.0M | 599.0M | -36.9M | 32.8M | 16.8M | 78.6M | -69.7M | 57.0M |
| Ending Cash Balance | 369.0M | 257.0M | 156.0M | 160.0M | 227.0M | 38.1M | 56.0M | 761.0M | 162.0M | 199.0M | 166.0M | 149.0M | 70.7M | 140.0M |
| Capex | 4.9M | 13.6M | 11.3M | 11.6M | 145.0M | 244.0M | 460.0M | 181.0M | 130.0M | 121.0M | 84.8M | 19.5M | 43.3M | 80.1M |