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 | 2.2B | 2.6B | 2.3B | 2.1B | 2.2B | 2.0B | 1.8B | 1.3B | 999.0M | 1.0B | 888.0M | 773.0M | 483.0M | 302.0M |
| Revenue Growth % | -15.7% | 10.6% | 12.5% | -6.3% | 12.1% | 6.4% | 38.9% | 33.1% | -2.0% | 14.8% | 14.9% | 60.0% | 59.9% | -- |
| Total Revenue | 2.2B | 2.6B | 2.3B | 2.1B | 2.2B | 2.0B | 1.8B | 1.3B | 999.0M | 1.0B | 888.0M | 773.0M | 483.0M | 302.0M |
| Cost Of Revenue | 2.1B | 2.4B | 2.1B | 2.0B | 1.7B | 1.5B | 1.6B | 1.1B | 768.0M | 742.0M | 644.0M | 559.0M | 317.0M | 193.0M |
| Gross Profit | 78.0M | 215.0M | 248.0M | 109.0M | 481.0M | 431.0M | 264.0M | 264.0M | 231.0M | 277.0M | 244.0M | 214.0M | 166.0M | 109.0M |
| Gross Margin % | 3.6% | 8.4% | 10.7% | 5.3% | 21.8% | 21.9% | 14.3% | 19.8% | 23.1% | 27.2% | 27.5% | 27.7% | 34.4% | 36.1% |
| Total Operating Cost | 2.8B | 2.8B | 2.7B | 2.4B | 2.0B | 1.8B | 1.8B | 1.2B | 905.0M | 906.0M | 805.0M | 704.0M | 431.0M | 249.0M |
| Selling Expenses | 26.7M | 80.2M | 22.3M | 23.2M | 19.5M | 21.9M | 18.7M | 21.2M | 17.9M | 23.5M | 26.9M | 30.7M | 30.9M | 12.1M |
| Admin Expenses | 139.0M | 160.0M | 114.0M | 132.0M | 156.0M | 105.0M | 98.4M | 78.0M | 69.9M | 81.5M | 77.9M | 66.5M | 55.2M | 30.7M |
| Rd Expenses | 3.5M | 6.8M | 7.5M | 13.6M | 11.9M | 10.9M | 11.4M | 7.1M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 94.9M | 84.0M | 80.7M | 77.1M | 64.0M | 74.3M | 74.8M | 40.6M | 42.4M | 55.6M | 54.3M | 46.0M | 26.3M | 11.7M |
| Operating Income | -614.0M | -190.0M | -375.0M | -327.0M | 217.0M | 205.0M | 138.0M | 124.0M | 95.9M | 113.0M | 83.6M | 69.5M | 52.6M | 57.6M |
| Operating Margin % | -28.4% | -7.4% | -16.2% | -15.9% | 9.9% | 10.4% | 7.5% | 9.3% | 9.6% | 11.1% | 9.4% | 9.0% | 10.9% | 19.1% |
| Non Operating Income | 1.8M | 5.9M | 11.1M | 7.1M | 1.6M | 14.9M | 49.8M | 1.9M | 16.0M | 18.5M | 21.1M | 17.3M | 16.4M | 9.8M |
| Non Operating Expenses | 4.4M | 7.6M | 16.6M | 16.4M | 13.5M | 12.3M | 45.7M | 8.3M | 4.1M | 2.7M | 2.8M | 1.2M | 1.0M | 86,600 |
| Investment Income | -- | 1.1M | 8.9M | 1.0M | 4.0M | 521,200 | -- | 767,500 | 2.0M | -- | -- | 16,200 | -- | 4.5M |
| Fair Value Change Income | -645,500 | -3.8M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 7.9M | 497,900 | -907,500 | -9.2M | -605,900 | -20,300 | 88.7M | 1.2M | 697,300 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 419.0M | 58.6M | 400.0M | 179.0M | 29.3M | 2.9M | 4.4M | 1.1M | 639,100 | 3.2M | 1.1M | 289,400 | 803,700 | 757,800 |
| Other Income | 11.7M | 11.0M | 14.3M | 12.8M | 27.7M | 8.9M | 9.4M | 15.0M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -616.0M | -192.0M | -381.0M | -336.0M | 205.0M | 208.0M | 142.0M | 117.0M | 108.0M | 129.0M | 102.0M | 85.5M | 68.0M | 67.3M |
| Income Tax | 66.28 | 235,100 | 13.6M | -4.5M | -3.2M | -953,200 | 17.1M | -4.9M | 1.4M | 3.5M | 4.7M | 6.6M | -1.6M | -1.1M |
| Net Income | -616.0M | -192.0M | -394.0M | -332.0M | 208.0M | 209.0M | 125.0M | 122.0M | 106.0M | 125.0M | 97.3M | 78.9M | 69.6M | 68.4M |
| Net Margin % | -28.5% | -7.5% | -17.0% | -16.1% | 9.4% | 10.6% | 6.8% | 9.2% | 10.6% | 12.3% | 11.0% | 10.2% | 14.4% | 22.6% |
| Net Income Attributable | -617.0M | -188.0M | -287.0M | -292.0M | 230.0M | 220.0M | 151.0M | 122.0M | 105.0M | 123.0M | 95.5M | 78.7M | 72.3M | 66.8M |
| Minority Interest | 664,600 | -4.3M | -107.0M | -39.6M | -22.2M | -11.3M | -26.7M | -310,600 | 1.6M | 1.9M | 1.8M | 280,400 | -2.7M | 1.6M |
| Eps Basic | -1.24 | -0.38 | -0.59 | -0.72 | 0.53 | 0.51 | 0.35 | 0.29 | 0.76 | 1.10 | 0.85 | 0.70 | 0.64 | 0.59 |
| Eps Diluted | -1.24 | -0.38 | -0.59 | -0.67 | 0.54 | 0.51 | 0.35 | 0.29 | 0.76 | 1.10 | 0.85 | 0.70 | 0.64 | 0.59 |
| 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 | 168.0M | 253.0M | 288.0M | 341.0M | 760.0M | 288.0M | 381.0M | 240.0M | 165.0M | 88.9M | 90.1M | 67.4M | 51.0M | 55.9M |
| Trading Financial Assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 800,000 | -- |
| Accounts Receivable | 31.4M | 33.5M | 17.5M | 28.9M | 23.8M | 17.5M | 15.5M | 17.3M | 12.4M | 17.1M | 24.4M | 16.5M | 20.2M | 6.8M |
| Notes And Accounts Receivable | 31.4M | 33.5M | 17.5M | 28.9M | 23.8M | 17.5M | 15.5M | 17.3M | 12.4M | 17.1M | 24.4M | 16.5M | 20.2M | 6.8M |
| Prepayments | 8.0M | 19.7M | 28.9M | 34.5M | 26.8M | 28.9M | 19.9M | 14.9M | 13.2M | 4.5M | 5.5M | 4.6M | 4.8M | 3.5M |
| Inventory | 325.0M | 443.0M | 331.0M | 384.0M | 383.0M | 331.0M | 290.0M | 297.0M | 121.0M | 168.0M | 108.0M | 98.1M | 90.9M | 41.6M |
| Total Current Assets | 546.0M | 767.0M | 701.0M | 875.0M | 1.2B | 701.0M | 806.0M | 589.0M | 406.0M | 308.0M | 256.0M | 210.0M | 191.0M | 114.0M |
| Long Term Equity Investment | -- | -- | -- | 12.6M | 13.5M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 3.1B | -- | 2.8B | -- | 2.5B | 2.4B | 2.4B | 1.2B | 1.1B | 1.0B | 973.0M | 948.0M | 437.0M |
| Fixed Assets Total | 2.9B | 3.1B | 2.5B | 2.8B | 2.7B | 2.5B | 2.4B | 2.4B | 1.2B | 1.1B | 1.0B | 973.0M | 948.0M | 437.0M |
| Construction In Progress | -- | 360.0M | -- | 152.0M | -- | 222.0M | 231.0M | 288.0M | 502.0M | 110.0M | 75.9M | 48.8M | 50.1M | 91.6M |
| Construction In Progress Total | 53.5M | 360.0M | 222.0M | 152.0M | 122.0M | 222.0M | 231.0M | 288.0M | 502.0M | 110.0M | 75.9M | 48.8M | 50.1M | 91.6M |
| Intangible Assets | 300.0M | 307.0M | 263.0M | 328.0M | 257.0M | 263.0M | 264.0M | 228.0M | 201.0M | 191.0M | 185.0M | 189.0M | 183.0M | 85.8M |
| Long Term Deferred Expenses | 7.9M | 21.8M | 95.6M | 47.8M | 86.0M | 95.6M | 100.0M | 154.0M | 25.6M | 26.4M | 4.6M | 878,600 | 1.0M | 1.3M |
| Total Non Current Assets | 3.3B | 3.8B | 3.1B | 3.5B | 3.3B | 3.1B | 3.1B | 3.2B | 2.1B | 1.5B | 1.3B | 1.3B | 1.2B | 683.0M |
| Total Assets | 3.9B | 4.6B | 3.8B | 4.3B | 4.5B | 3.8B | 3.9B | 3.8B | 2.5B | 1.8B | 1.5B | 1.5B | 1.4B | 797.0M |
| Short Term Borrowings | 968.0M | 1.0B | 547.0M | 777.0M | 650.0M | 547.0M | 731.0M | 710.0M | 540.0M | 540.0M | 411.0M | 407.0M | 285.0M | 74.0M |
| Accounts Payable | 297.0M | 316.0M | 194.0M | 214.0M | 161.0M | 194.0M | 151.0M | 183.0M | 67.5M | 62.8M | 65.6M | 57.0M | 46.6M | 22.1M |
| Advance Receipts | -- | -- | 13.3M | -- | -- | 13.3M | 8.1M | 13.7M | 11.5M | 7.3M | 2.3M | 3.8M | 4.2M | 5.1M |
| Contract Liabilities | 20.6M | 7.2M | -- | 14.1M | 9.9M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.9B | 2.1B | 1.3B | 1.6B | 1.4B | 1.3B | 1.4B | 1.6B | 934.0M | 893.0M | 702.0M | 696.0M | 557.0M | 265.0M |
| Long Term Borrowings | 327.0M | 343.0M | 682.0M | 392.0M | 518.0M | 682.0M | 776.0M | 766.0M | 108.0M | 187.0M | 275.0M | 289.0M | 415.0M | 143.0M |
| Total Non Current Liabilities | 1.1B | 1.1B | 815.0M | 1.1B | 1.2B | 815.0M | 929.0M | 840.0M | 236.0M | 239.0M | 318.0M | 334.0M | 472.0M | 183.0M |
| Total Liabilities | 3.0B | 3.2B | 2.1B | 2.7B | 2.5B | 2.1B | 2.3B | 2.4B | 1.2B | 1.1B | 1.0B | 1.0B | 1.0B | 447.0M |
| Paid In Capital | 499.0M | 499.0M | 429.0M | 442.0M | 442.0M | 429.0M | 433.0M | 229.0M | 150.0M | 112.0M | 112.0M | 112.0M | 112.0M | 112.0M |
| Capital Reserve | 742.0M | 742.0M | 415.0M | 472.0M | 484.0M | 415.0M | 436.0M | 602.0M | 633.0M | 97.5M | 97.5M | 97.5M | 99.6M | 113.0M |
| Surplus Reserve | 96.8M | 96.2M | 65.1M | 94.8M | 94.8M | 65.1M | 63.1M | 61.7M | 41.9M | 26.2M | 22.2M | 11.3M | 8.3M | 4.8M |
| Retained Earnings | -465.0M | 153.0M | 826.0M | 632.0M | 976.0M | 826.0M | 660.0M | 538.0M | 457.0M | 398.0M | 290.0M | 206.0M | 149.0M | 80.0M |
| Minority Equity | -115.0M | -122.0M | -620,100 | -17.5M | -11.2M | -620,100 | 970,900 | 29.2M | 7.6M | 8.1M | 6.2M | 6.2M | 11.6M | 39.6M |
| Equity Attributable | 939.0M | 1.6B | 1.7B | 1.7B | 2.0B | 1.7B | 1.6B | 1.4B | 1.3B | 635.0M | 523.0M | 427.0M | 370.0M | 310.0M |
| Total Equity | 823.0M | 1.4B | 1.7B | 1.7B | 2.0B | 1.7B | 1.6B | 1.4B | 1.3B | 643.0M | 529.0M | 433.0M | 381.0M | 350.0M |
| 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 | 2.2B | 2.5B | 2.3B | 2.1B | 2.2B | 2.0B | 1.8B | 1.3B | 1.0B | 1.0B | 869.0M | 779.0M | 465.0M | 311.0M |
| Tax Refunds Received | -- | 36,700 | 155,000 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 2.2B | 2.6B | 2.4B | 2.1B | 2.2B | 2.0B | 1.9B | 1.4B | 1.0B | 1.0B | 883.0M | 793.0M | 485.0M | 329.0M |
| Cash Paid For Goods | 1.2B | 1.6B | 1.5B | 1.3B | 1.2B | 987.0M | 1.0B | 694.0M | 454.0M | 529.0M | 428.0M | 347.0M | 209.0M | 151.0M |
| Cash Paid To Employees | 497.0M | 567.0M | 424.0M | 438.0M | 403.0M | 364.0M | 366.0M | 294.0M | 201.0M | 197.0M | 156.0M | 150.0M | 119.0M | 52.6M |
| Taxes Paid | 26.8M | 21.2M | 22.3M | 19.2M | 15.5M | 21.1M | 28.7M | 10.1M | 11.4M | 14.7M | 11.4M | 20.7M | 5.2M | 5.8M |
| Total Operating Cash Outflow | 1.8B | 2.2B | 2.0B | 1.9B | 1.7B | 1.4B | 1.5B | 1.0B | 705.0M | 769.0M | 630.0M | 558.0M | 373.0M | 232.0M |
| Operating Cash Flow | 437.0M | 358.0M | 367.0M | 247.0M | 555.0M | 587.0M | 407.0M | 329.0M | 318.0M | 274.0M | 253.0M | 235.0M | 112.0M | 97.7M |
| Total Investing Cash Inflow | 18.1M | 542.0M | 168.0M | 62.5M | 13.2M | 73.4M | 215.0M | 92.4M | 650.0M | 23.7M | 3.7M | 22.7M | 37.0M | 99.4M |
| Total Investing Cash Outflow | 327.0M | 1.3B | 591.0M | 660.0M | 537.0M | 312.0M | 502.0M | 1.2B | 1.4B | 284.0M | 170.0M | 198.0M | 571.0M | 383.0M |
| Investing Cash Flow | -309.0M | -755.0M | -423.0M | -597.0M | -524.0M | -239.0M | -287.0M | -1.1B | -765.0M | -260.0M | -166.0M | -176.0M | -534.0M | -284.0M |
| Cash From Borrowings | 1.2B | 1.2B | 911.0M | 928.0M | 926.0M | 824.0M | 1.1B | 1.7B | 711.0M | 628.0M | 628.0M | 520.0M | 758.0M | 248.0M |
| Dividends And Interest Paid | 67.0M | 60.3M | 58.7M | 103.0M | 116.0M | 134.0M | 112.0M | 76.0M | 73.0M | 67.4M | 76.9M | 53.0M | 33.5M | 24.2M |
| Debt Repayments | 1.2B | 896.0M | 1.2B | 901.0M | 943.0M | 1.1B | 942.0M | 879.0M | 804.0M | 566.0M | 614.0M | 489.0M | 265.0M | 116.0M |
| Total Financing Cash Inflow | 1.2B | 1.2B | 1.4B | 962.0M | 1.6B | 1.1B | 1.5B | 1.9B | 1.4B | 628.0M | 643.0M | 520.0M | 772.0M | 413.0M |
| Total Financing Cash Outflow | 1.4B | 1.0B | 1.3B | 1.0B | 1.2B | 1.5B | 1.4B | 1.1B | 942.0M | 643.0M | 707.0M | 563.0M | 355.0M | 188.0M |
| Financing Cash Flow | -136.0M | 205.0M | 67.1M | -68.5M | 462.0M | -431.0M | 8.3M | 848.0M | 489.0M | -15.7M | -64.2M | -43.0M | 417.0M | 225.0M |
| Net Change In Cash | -8.0M | -193.0M | 11.2M | -420.0M | 492.0M | -82.5M | 131.0M | 89.4M | 41.6M | -1.9M | 22.7M | 16.4M | -4.9M | 38.9M |
| Ending Cash Balance | 150.0M | 158.0M | 351.0M | 339.0M | 760.0M | 268.0M | 350.0M | 219.0M | 130.0M | 88.1M | 90.1M | 67.4M | 51.0M | 55.9M |
| Capex | 327.0M | 1.1B | 319.0M | 640.0M | 483.0M | 312.0M | 442.0M | 1.2B | 695.0M | 284.0M | 163.0M | 198.0M | 560.0M | 379.0M |