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 | 1.1B | 1.1B | 1.8B | 1.6B | 1.2B | 1.7B | 1.7B | 801.0M | 461.0M | 398.0M | 425.0M | 383.0M | 301.0M | 262.0M |
| Revenue Growth % | -3.8% | -37.1% | 10.2% | 31.9% | -26.7% | 1.1% | 109.4% | 73.8% | 15.8% | -6.4% | 11.0% | 27.2% | 14.9% | -- |
| Total Revenue | 1.1B | 1.1B | 1.8B | 1.6B | 1.2B | 1.7B | 1.7B | 801.0M | 461.0M | 398.0M | 425.0M | 383.0M | 301.0M | 262.0M |
| Cost Of Revenue | 976.0M | 1.0B | 1.5B | 1.3B | 933.0M | 1.1B | 1.1B | 544.0M | 341.0M | 305.0M | 318.0M | 288.0M | 223.0M | 192.0M |
| Gross Profit | 116.0M | 125.0M | 301.0M | 359.0M | 309.0M | 547.0M | 593.0M | 257.0M | 120.0M | 93.0M | 107.0M | 95.0M | 78.0M | 70.0M |
| Gross Margin % | 10.6% | 11.0% | 16.7% | 21.9% | 24.9% | 32.3% | 35.4% | 32.1% | 26.0% | 23.4% | 25.2% | 24.8% | 25.9% | 26.7% |
| Total Operating Cost | 1.1B | 1.2B | 1.7B | 1.6B | 1.6B | 1.5B | 1.4B | 685.0M | 418.0M | 359.0M | 381.0M | 347.0M | 268.0M | 231.0M |
| Selling Expenses | 18.6M | 26.7M | 24.7M | 19.2M | 19.8M | 64.1M | 76.0M | 48.8M | 33.6M | 22.4M | 28.8M | 26.0M | 17.8M | 15.2M |
| Admin Expenses | 66.4M | 72.2M | 90.0M | 94.5M | 103.0M | 94.3M | 80.1M | 47.7M | 37.9M | 31.1M | 31.5M | 28.2M | 23.0M | 22.6M |
| Rd Expenses | 11.9M | 12.6M | 22.2M | 27.7M | 25.5M | 20.2M | 17.8M | 21.4M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 9.1M | 8.6M | 1.2M | 62.2M | 79.7M | 77.2M | 53.1M | 9.7M | -908,800 | -2.1M | 476,100 | 3.3M | 1.7M | 883,800 |
| Operating Income | -59.6M | -45.8M | -28.8M | 114.0M | -390.0M | 228.0M | 382.0M | 120.0M | 46.2M | 39.3M | 43.3M | 35.6M | 33.1M | 30.6M |
| Operating Margin % | -5.5% | -4.0% | -1.6% | 7.0% | -31.4% | 13.5% | 22.8% | 15.0% | 10.0% | 9.9% | 10.2% | 9.3% | 11.0% | 11.7% |
| Non Operating Income | 288,900 | 1.2M | 296,600 | 467,100 | 1.1M | 850,400 | 113,000 | 1.4M | 2.5M | 5.4M | 659,500 | 1.1M | 451,100 | 6.7M |
| Non Operating Expenses | 3.9M | 8.6M | 7.1M | 3.3M | 2.9M | 2.0M | 3.4M | 1.2M | 315,500 | 4,300 | 1,500 | 174,600 | 50,000 | 148,500 |
| Investment Income | -156,100 | 9.9M | -138.0M | 24.5M | 260,300 | -- | 1.5M | 1.4M | 2.8M | 656,300 | -- | -- | -- | -- |
| Fair Value Change Income | -51.3M | -32.6M | 198,000 | -- | -- | -- | 54.2M | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 310,800 | 886,100 | 276,200 | -7,500 | -101,000 | -- | -- | 31,800 | -249,500 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 9.1M | 11.7M | 43.6M | 17.2M | 415.0M | 41.5M | 42.8M | 8.9M | 2.8M | 1.3M | 357,100 | -14,400 | 552,400 | -354,700 |
| Other Income | 3.1M | 5.5M | 7.6M | 8.0M | 10.3M | 7.4M | 11.2M | 2.5M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -63.2M | -53.2M | -35.6M | 111.0M | -392.0M | 227.0M | 379.0M | 120.0M | 48.3M | 44.7M | 43.9M | 36.6M | 33.5M | 37.2M |
| Income Tax | -6.6M | 1.9M | 10.9M | 33.7M | 3.5M | 63.1M | 84.0M | 21.0M | 9.0M | 5.6M | 7.0M | 5.2M | 4.8M | 5.3M |
| Net Income | -56.6M | -55.1M | -46.5M | 77.4M | -395.0M | 164.0M | 295.0M | 99.5M | 39.3M | 39.1M | 37.0M | 31.4M | 28.7M | 31.9M |
| Net Margin % | -5.2% | -4.9% | -2.6% | 4.7% | -31.8% | 9.7% | 17.6% | 12.4% | 8.5% | 9.8% | 8.7% | 8.2% | 9.5% | 12.2% |
| Net Income Attributable | -58.6M | -55.8M | -42.5M | 87.0M | -376.0M | 118.0M | 257.0M | 93.7M | 39.3M | 39.1M | 37.0M | 31.4M | 28.7M | 31.9M |
| Minority Interest | 2.0M | 710,600 | -4.0M | -9.5M | -19.3M | 45.9M | 37.4M | 5.8M | -- | -- | -- | -- | -- | -- |
| Eps Basic | -0.23 | -0.22 | -0.16 | 0.39 | -1.72 | 0.54 | 1.18 | 0.43 | 0.20 | 0.23 | 0.74 | 0.63 | 0.57 | 0.66 |
| Eps Diluted | -0.23 | -0.22 | -0.16 | 0.34 | -1.46 | 0.49 | 1.18 | 0.43 | 0.20 | 0.23 | 0.74 | 0.63 | -- | -- |
| 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 | 402.0M | 396.0M | 485.0M | 568.0M | 529.0M | 437.0M | 289.0M | 218.0M | 332.0M | 146.0M | 70.3M | 46.0M | 40.7M | 50.0M |
| Trading Financial Assets | 1.1M | 1.1M | 49.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 313.0M | 313.0M | 309.0M | 338.0M | 629.0M | 810.0M | 873.0M | 776.0M | 101.0M | 53.7M | 32.9M | 32.2M | 37.7M | 27.3M |
| Notes Receivable | 126.0M | 171.0M | 229.0M | 86.5M | 102.0M | 77.4M | 50.8M | 69.5M | 35.2M | 42.5M | 28.2M | 21.6M | 6.5M | 3.6M |
| Notes And Accounts Receivable | 438.0M | 484.0M | 538.0M | 425.0M | 731.0M | 888.0M | 924.0M | 845.0M | 136.0M | 96.2M | 61.2M | 53.8M | 44.1M | 30.9M |
| Prepayments | 6.9M | 8.5M | 10.3M | 21.0M | 88.6M | 77.9M | 30.2M | 51.6M | 13.1M | 2.4M | 6.4M | 7.0M | 27.8M | 25.0M |
| Inventory | 81.9M | 115.0M | 113.0M | 207.0M | 87.2M | 937.0M | 563.0M | 386.0M | 177.0M | 38.6M | 49.3M | 50.3M | 33.1M | 30.9M |
| Total Current Assets | 1.1B | 1.2B | 1.4B | 1.8B | 2.4B | 2.7B | 2.0B | 1.7B | 678.0M | 346.0M | 190.0M | 160.0M | 146.0M | 139.0M |
| Long Term Equity Investment | -- | -- | -- | 293.0M | 7.4M | -- | -- | 15.9M | 80.7M | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 451.0M | 512.0M | 603.0M | 354.0M | 374.0M | 353.0M | 221.0M | 146.0M | 82.7M | 89.7M | 93.4M | 72.6M | 64.7M |
| Fixed Assets Total | 398.0M | 451.0M | 514.0M | 603.0M | 354.0M | 374.0M | 353.0M | 221.0M | 146.0M | 82.7M | 89.7M | 93.4M | 72.6M | 64.7M |
| Construction In Progress | -- | 10.9M | 8.6M | 617,300 | 543.0M | 218.0M | 460.0M | 107.0M | 45.8M | 3.0M | 535,300 | 459,800 | 9.7M | 500,000 |
| Construction In Progress Total | 19.2M | 11.6M | 9.6M | 3.6M | 550.0M | 225.0M | 461.0M | 108.0M | 48.8M | 6.0M | 535,300 | 459,800 | 9.7M | 500,000 |
| Intangible Assets | 608.0M | 623.0M | 368.0M | 369.0M | 408.0M | 409.0M | 364.0M | 345.0M | 114.0M | 24.5M | 25.0M | 25.6M | 7.8M | 7.9M |
| Long Term Deferred Expenses | 7.9M | 4.1M | 7.0M | 6.5M | 10.7M | 13.6M | 10.1M | 11.5M | 1.7M | 341,000 | -- | -- | -- | -- |
| Total Non Current Assets | 1.5B | 1.6B | 1.6B | 1.7B | 1.9B | 1.9B | 1.8B | 1.3B | 808.0M | 135.0M | 116.0M | 121.0M | 91.9M | 74.6M |
| Total Assets | 2.6B | 2.8B | 3.1B | 3.5B | 4.3B | 4.6B | 3.8B | 3.1B | 1.5B | 481.0M | 307.0M | 281.0M | 238.0M | 214.0M |
| Short Term Borrowings | 104.0M | 163.0M | 474.0M | 471.0M | 622.0M | 701.0M | 591.0M | 454.0M | 100.0M | -- | 12.0M | 12.4M | 10.0M | 20.0M |
| Accounts Payable | 291.0M | 369.0M | 417.0M | 314.0M | 436.0M | 474.0M | 484.0M | -- | 103.0M | 36.0M | 35.2M | 39.6M | 32.5M | 19.2M |
| Advance Receipts | -- | -- | -- | -- | -- | 86.2M | 50.2M | 44.5M | 4.8M | 2.8M | 2.4M | 4.0M | 1.4M | 4.8M |
| Contract Liabilities | 9.5M | 17.0M | 32.8M | 63.4M | 101.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 827.0M | 857.0M | 1.3B | 1.8B | 2.1B | 2.0B | 1.9B | 1.6B | 300.0M | 51.3M | 72.0M | 74.4M | 56.2M | 47.7M |
| Long Term Borrowings | 261.0M | 358.0M | 174.0M | 133.0M | 365.0M | 338.0M | 291.0M | 58.0M | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 296.0M | 393.0M | 213.0M | 159.0M | 756.0M | 728.0M | 317.0M | 76.3M | 12.9M | 6.0M | -- | -- | -- | -- |
| Total Liabilities | 1.1B | 1.2B | 1.5B | 1.9B | 2.9B | 2.8B | 2.2B | 1.7B | 313.0M | 57.4M | 72.0M | 74.4M | 56.2M | 47.7M |
| Paid In Capital | 257.0M | 259.0M | 259.0M | 259.0M | 221.0M | 218.0M | 218.0M | 218.0M | 218.0M | 66.7M | 50.0M | 50.0M | 50.0M | 50.0M |
| Capital Reserve | 1.1B | 1.2B | 1.1B | 1.1B | 682.0M | 642.0M | 642.0M | 642.0M | 734.0M | 165.0M | 29.1M | 29.1M | 29.1M | 29.1M |
| Surplus Reserve | 63.9M | 63.9M | 58.1M | 58.1M | 47.6M | 45.7M | 38.0M | 29.6M | 25.2M | 22.8M | 18.8M | 15.1M | 12.0M | 9.1M |
| Retained Earnings | 12.3M | 70.9M | 132.0M | 201.0M | 124.0M | 553.0M | 492.0M | 267.0M | 195.0M | 168.0M | 133.0M | 106.0M | 83.5M | 69.6M |
| Minority Equity | 12.9M | 10.9M | 14.0M | 17.4M | 268.0M | 299.0M | 243.0M | 198.0M | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.4B | 1.5B | 1.5B | 1.6B | 1.2B | 1.5B | 1.4B | 1.2B | 1.2B | 423.0M | 235.0M | 206.0M | 182.0M | 166.0M |
| Total Equity | 1.4B | 1.5B | 1.5B | 1.6B | 1.4B | 1.8B | 1.6B | 1.4B | 1.2B | 423.0M | 235.0M | 206.0M | 182.0M | 166.0M |
| 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 | 785.0M | 754.0M | 907.0M | 676.0M | 673.0M | 829.0M | 988.0M | 520.0M | 380.0M | 282.0M | 333.0M | 264.0M | 214.0M | 220.0M |
| Tax Refunds Received | 29.6M | 25.1M | 30.0M | 33.5M | 26.3M | 16.9M | 6.1M | 4.0M | 963,400 | 895,000 | 2.0M | 3.6M | 6.3M | 4.0M |
| Total Operating Cash Inflow | 850.0M | 834.0M | 957.0M | 884.0M | 778.0M | 1.1B | 1.3B | 597.0M | 437.0M | 288.0M | 336.0M | 276.0M | 222.0M | 232.0M |
| Cash Paid For Goods | 580.0M | 605.0M | 510.0M | 149.0M | 241.0M | 419.0M | 677.0M | 312.0M | 218.0M | 182.0M | 212.0M | 183.0M | 131.0M | 158.0M |
| Cash Paid To Employees | 78.3M | 78.6M | 84.9M | 104.0M | 95.1M | 96.5M | 75.7M | 48.1M | 28.9M | 21.5M | 19.3M | 19.8M | 12.8M | 10.7M |
| Taxes Paid | 21.9M | 29.1M | 105.0M | 74.0M | 85.8M | 110.0M | 105.0M | 38.3M | 16.1M | 18.8M | 16.2M | 9.7M | 10.9M | 10.9M |
| Total Operating Cash Outflow | 735.0M | 766.0M | 779.0M | 558.0M | 580.0M | 1.0B | 1.2B | 571.0M | 410.0M | 260.0M | 293.0M | 249.0M | 183.0M | 205.0M |
| Operating Cash Flow | 115.0M | 67.6M | 178.0M | 327.0M | 198.0M | 112.0M | 84.7M | 26.4M | 27.4M | 28.3M | 42.5M | 27.3M | 38.4M | 26.5M |
| Total Investing Cash Inflow | 401,700 | 57.1M | 90.9M | 12.3M | 114.0M | 70.1M | 25.8M | 99.4M | 62.8M | 1.4M | -- | 14.3M | -- | 1.0M |
| Total Investing Cash Outflow | 21.4M | 26.6M | 243.0M | 62.6M | 362.0M | 546.0M | 438.0M | 324.0M | 271.0M | 93.5M | 11.4M | 29.7M | 29.1M | 35.0M |
| Investing Cash Flow | -21.0M | 30.5M | -152.0M | -50.3M | -249.0M | -476.0M | -413.0M | -224.0M | -208.0M | -92.1M | -11.4M | -15.4M | -29.1M | -34.0M |
| Cash From Borrowings | 168.0M | 424.0M | 564.0M | 751.0M | 1.1B | 1.5B | 1.2B | 324.0M | 35.5M | -- | 15.0M | 22.4M | 10.0M | 23.0M |
| Dividends And Interest Paid | 19.0M | 21.2M | 43.6M | 53.2M | 98.5M | 121.0M | 76.2M | 29.2M | 11.8M | 111,300 | 6.6M | 7.5M | 13.3M | 2.5M |
| Debt Repayments | 242.0M | 485.0M | 550.0M | 734.0M | 866.0M | 843.0M | 805.0M | 115.0M | 28.3M | 12.0M | 15.4M | 20.0M | 20.0M | 22.0M |
| Total Financing Cash Inflow | 209.0M | 459.0M | 710.0M | 1.0B | 1.4B | 1.7B | 1.4B | 342.0M | 434.0M | 160.0M | 15.0M | 22.4M | 10.0M | 59.8M |
| Total Financing Cash Outflow | 308.0M | 508.0M | 764.0M | 1.4B | 1.4B | 1.2B | 1.1B | 300.0M | 75.1M | 17.9M | 22.0M | 27.5M | 33.3M | 24.5M |
| Financing Cash Flow | -98.7M | -49.3M | -54.0M | -335.0M | 32.5M | 540.0M | 324.0M | 42.2M | 358.0M | 142.0M | -7.0M | -5.0M | -23.3M | 35.3M |
| Net Change In Cash | -2.9M | 48.8M | -25.4M | -58.8M | -18.7M | 176.0M | -2.6M | -156.0M | 178.0M | 78.6M | 24.1M | 6.6M | -14.3M | 27.7M |
| Ending Cash Balance | 283.0M | 286.0M | 237.0M | 263.0M | 321.0M | 340.0M | 164.0M | 167.0M | 322.0M | 145.0M | 66.3M | 42.2M | 35.7M | 50.0M |
| Capex | 21.4M | 26.5M | 114.0M | 62.2M | 289.0M | 302.0M | 341.0M | 208.0M | 100.0M | 33.5M | 11.4M | 29.7M | 29.1M | 35.0M |