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 | 384.0M | 356.0M | 301.0M | 268.0M | 286.0M | 315.0M | 269.0M | 217.0M | 160.0M | 87.5M | 54.4M | 37.6M | 24.4M | 20.1M |
| Revenue Growth % | 7.9% | 18.3% | 12.3% | -6.3% | -9.2% | 17.1% | 24.0% | 35.6% | 82.9% | 60.7% | 44.6% | 54.3% | 21.6% | -- |
| Total Revenue | 384.0M | 356.0M | 301.0M | 268.0M | 286.0M | 315.0M | 269.0M | 217.0M | 160.0M | 87.5M | 54.4M | 37.6M | 24.4M | 20.1M |
| Cost Of Revenue | 200.0M | 171.0M | 141.0M | 127.0M | 132.0M | 145.0M | 117.0M | 97.5M | 72.9M | 35.5M | 25.4M | 20.3M | 11.2M | 11.6M |
| Gross Profit | 184.0M | 185.0M | 160.0M | 141.0M | 154.0M | 170.0M | 152.0M | 119.5M | 87.1M | 52.0M | 29.0M | 17.3M | 13.2M | 8.4M |
| Gross Margin % | 47.9% | 52.0% | 53.2% | 52.6% | 53.8% | 54.0% | 56.5% | 55.1% | 54.5% | 59.4% | 53.3% | 46.0% | 54.1% | 42.1% |
| Total Operating Cost | 337.0M | 314.0M | 264.0M | 236.0M | 225.0M | 237.0M | 202.0M | 175.0M | 134.0M | 69.0M | 44.3M | 33.5M | 19.5M | 18.0M |
| Selling Expenses | 51.5M | 62.7M | 52.7M | 43.4M | 33.4M | 34.2M | 29.8M | 23.2M | 18.8M | 10.0M | 6.9M | 2.8M | 1.8M | 1.5M |
| Admin Expenses | 39.9M | 37.8M | 32.8M | 38.2M | 31.7M | 30.8M | 29.2M | 29.4M | 20.9M | 21.8M | 10.7M | 9.2M | 6.1M | 4.5M |
| Rd Expenses | 41.3M | 39.8M | 35.0M | 26.6M | 26.8M | 23.2M | 21.7M | 20.5M | 17.4M | -- | -- | -- | -- | -- |
| Finance Expenses | -7.2M | -6.8M | -9.5M | -8.4M | -6.7M | -935,700 | -520,700 | -157,200 | -45,100 | -49,600 | -2,200 | 253,200 | -500.00 | -11,100 |
| Operating Income | 62.3M | 55.4M | 48.8M | 42.1M | 73.0M | 88.1M | 79.7M | 55.5M | 26.6M | 19.2M | 10.3M | 4.1M | 4.9M | 2.1M |
| Operating Margin % | 16.2% | 15.6% | 16.2% | 15.7% | 25.5% | 28.0% | 29.6% | 25.6% | 16.6% | 21.9% | 19.0% | 10.9% | 20.0% | 10.5% |
| Non Operating Income | 242,500 | 2.6M | 349,000 | 6.0M | 5.8M | 1.9M | 1.1M | 3.6M | 8.2M | 4.2M | 5.6M | 3.3M | 510,000 | 1.0M |
| Non Operating Expenses | 924,800 | 2.1M | 310,800 | 5.4M | 2.1M | 182,000 | 80,600 | 53,000 | 101,200 | 45,900 | 1,000 | 1,200 | -- | 54.00 |
| Investment Income | 2.9M | 1.1M | -- | -51,400 | 22,700 | 919,900 | 549,200 | 63,300 | 834,900 | 642,100 | 238,700 | -- | -- | -- |
| Asset Disposal Income | 2,500 | -22,700 | 140,700 | 25,200 | -- | -149,300 | -3,200 | 3,800 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 2.0M | 1.4M | 1.6M | 591,700 | 546,700 | -- | 1.7M | 1.5M | 1.8M | 792,800 | 258,300 | 463,300 | 98,900 | -63,000 |
| Other Income | 12.8M | 11.9M | 11.3M | 9.5M | 12.4M | 9.6M | 11.6M | 13.0M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | 61.6M | 56.0M | 48.8M | 42.7M | 76.7M | 89.9M | 80.7M | 59.1M | 34.7M | 23.3M | 15.9M | 7.4M | 5.4M | 3.1M |
| Income Tax | 5.7M | 5.3M | 3.8M | 7.2M | 9.1M | 9.1M | 7.7M | 8.6M | 5.6M | 4.1M | 2.2M | 1.3M | 970,300 | 583,700 |
| Net Income | 55.9M | 50.7M | 45.0M | 35.5M | 67.6M | 80.8M | 73.1M | 50.4M | 29.0M | 19.2M | 13.8M | 6.1M | 4.4M | 2.5M |
| Net Margin % | 14.6% | 14.2% | 14.9% | 13.3% | 23.6% | 25.6% | 27.2% | 23.2% | 18.1% | 21.9% | 25.3% | 16.1% | 18.1% | 12.7% |
| Net Income Attributable | 54.9M | 50.3M | 44.8M | 35.7M | 67.7M | 80.4M | 72.9M | 49.9M | 29.0M | 19.2M | 13.8M | 6.1M | 4.4M | 2.5M |
| Minority Interest | 966,000 | 351,700 | 190,600 | -147,500 | -108,900 | 348,600 | 192,400 | 504,600 | -12,500 | -15,300 | -- | -- | -- | -- |
| Eps Basic | 0.38 | 0.45 | 0.40 | 0.32 | 0.84 | 1.16 | 1.08 | 0.76 | 0.48 | 0.37 | 0.31 | 0.51 | 0.37 | 0.25 |
| Eps Diluted | 0.38 | 0.45 | 0.40 | 0.32 | 0.84 | 1.16 | 1.08 | 0.76 | 0.48 | 0.37 | 0.31 | -- | 0.37 | 0.25 |
| 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 | 282.0M | 307.0M | 386.0M | 409.0M | 509.0M | 212.0M | 177.0M | 122.0M | 122.0M | 54.5M | 7.2M | 21.3M | 3.7M | 2.6M |
| Accounts Receivable | 219.0M | 177.0M | 228.0M | 216.0M | 193.0M | 156.0M | 121.0M | 97.6M | 56.2M | 13.6M | 11.9M | 10.5M | 6.6M | 5.8M |
| Notes Receivable | 5.3M | 42.4M | 4.7M | 1.8M | 338,700 | 1.9M | 100,000 | 500,000 | 100,000 | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 225.0M | 220.0M | 233.0M | 218.0M | 193.0M | 158.0M | 121.0M | 98.1M | 56.3M | 13.6M | 11.9M | 10.5M | 6.6M | 5.8M |
| Prepayments | 3.6M | 2.4M | 6.2M | 4.4M | 5.8M | 7.0M | 2.1M | 2.1M | 2.1M | 2.5M | 1.5M | 2.7M | 628,200 | 326,500 |
| Inventory | 139.0M | 149.0M | 131.0M | 96.1M | 72.6M | 42.4M | 44.3M | 35.5M | 36.8M | 31.2M | 27.1M | 10.6M | 9.1M | 5.7M |
| Total Current Assets | 705.0M | 727.0M | 791.0M | 773.0M | 824.0M | 434.0M | 369.0M | 276.0M | 238.0M | 137.0M | 79.1M | 48.6M | 21.0M | 15.0M |
| Fixed Assets | -- | 147.0M | 12.9M | 11.8M | 16.4M | 13.1M | 13.1M | 10.6M | -- | 11.6M | 8.3M | 8.5M | 8.2M | 7.8M |
| Fixed Assets Total | 235.0M | 147.0M | 12.9M | 11.8M | 16.4M | 13.1M | 13.1M | 10.6M | 15.9M | 11.6M | 8.3M | 8.5M | 8.2M | 7.8M |
| Construction In Progress | -- | 81.8M | 155.0M | 110.0M | 73.7M | 12.3M | 1.3M | 616,600 | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | 81.8M | 155.0M | 110.0M | 73.7M | 12.3M | 1.3M | 616,600 | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 29.6M | 21.7M | 22.0M | 22.5M | 23.4M | 23.9M | 16.0M | 3.2M | -- | -- | -- | -- | -- | -- |
| Long Term Deferred Expenses | -- | -- | 7,500 | 181,200 | 1.1M | 2.8M | 4.5M | 5.6M | 791,000 | 1.0M | 197,200 | 48,200 | 163,800 | 279,300 |
| Total Non Current Assets | 356.0M | 343.0M | 201.0M | 163.0M | 118.0M | 57.0M | 39.6M | 25.6M | 17.2M | 12.9M | 8.7M | 8.7M | 8.4M | 8.1M |
| Total Assets | 1.1B | 1.1B | 992.0M | 936.0M | 942.0M | 491.0M | 409.0M | 301.0M | 255.0M | 150.0M | 87.8M | 57.3M | 29.4M | 23.1M |
| Short Term Borrowings | -- | 4.0M | 3.1M | -- | -- | -- | -- | -- | -- | -- | -- | 1.0M | -- | -- |
| Accounts Payable | 129.0M | 133.0M | 81.0M | 65.4M | 58.0M | 52.0M | 45.3M | 39.1M | 28.7M | 7.0M | 2.6M | 875,900 | 2.5M | 1.1M |
| Advance Receipts | -- | -- | -- | -- | 1,300 | 11.2M | 9.8M | 21.4M | 39.3M | 34.3M | 37.7M | 26.3M | 4.8M | 3.8M |
| Contract Liabilities | 8.1M | 19.0M | 33.0M | 10.5M | 5.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 222.0M | 249.0M | 193.0M | 156.0M | 141.0M | 128.0M | 105.0M | 93.9M | 88.5M | 54.0M | 49.9M | 32.4M | 10.6M | 8.7M |
| Long Term Borrowings | -- | -- | 24.0M | 27.0M | 30.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 25,900 | 669,900 | 24.2M | 28.1M | 30.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Liabilities | 222.0M | 250.0M | 217.0M | 184.0M | 171.0M | 128.0M | 105.0M | 93.9M | 88.5M | 54.0M | 49.9M | 32.4M | 10.6M | 8.7M |
| Paid In Capital | 146.0M | 112.0M | 111.0M | 92.4M | 92.4M | 69.3M | 69.3M | 65.5M | 65.5M | 41.5M | 12.0M | 12.0M | 12.0M | 12.0M |
| Capital Reserve | 390.0M | 414.0M | 398.0M | 411.0M | 411.0M | 93.5M | 93.5M | 54.6M | 54.6M | 32.5M | 217,100 | 217,100 | 217,100 | 217,100 |
| Surplus Reserve | 34.8M | 32.8M | 31.9M | 30.5M | 29.8M | 25.4M | 20.2M | 14.5M | 9.0M | 5.3M | 2.7M | 1.3M | 695,600 | 253,700 |
| Retained Earnings | 284.0M | 259.0M | 232.0M | 216.0M | 237.0M | 173.0M | 119.0M | 71.4M | 36.8M | 16.5M | 23.0M | 11.4M | 5.9M | 2.0M |
| Minority Equity | 3.0M | 2.0M | 1.7M | 1.5M | 1.6M | 1.8M | 1.4M | 1.2M | 707,200 | 419,700 | -- | -- | -- | -- |
| Equity Attributable | 836.0M | 818.0M | 773.0M | 750.0M | 769.0M | 362.0M | 302.0M | 206.0M | 166.0M | 95.8M | 37.9M | 24.9M | 18.9M | 14.4M |
| Total Equity | 839.0M | 820.0M | 775.0M | 751.0M | 771.0M | 363.0M | 303.0M | 207.0M | 167.0M | 96.2M | 37.9M | 24.9M | 18.9M | 14.4M |
| 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 | 351.0M | 370.0M | 321.0M | 269.0M | 256.0M | 313.0M | 265.0M | 191.0M | 147.0M | 94.0M | 77.1M | 67.2M | 28.7M | 31.2M |
| Tax Refunds Received | 7.9M | 10.2M | 9.7M | 7.0M | 8.3M | 8.2M | 10.9M | 10.1M | 6.4M | 3.7M | 4.3M | 3.1M | -- | 818,400 |
| Total Operating Cash Inflow | 395.0M | 424.0M | 364.0M | 317.0M | 295.0M | 346.0M | 308.0M | 234.0M | 180.0M | 114.0M | 97.4M | 76.8M | 32.4M | 35.3M |
| Cash Paid For Goods | 134.0M | 154.0M | 163.0M | 157.0M | 130.0M | 119.0M | 98.2M | 81.7M | 49.3M | 39.1M | 40.4M | 32.8M | 13.7M | 17.9M |
| Cash Paid To Employees | 91.1M | 88.1M | 84.5M | 81.0M | 69.3M | 68.9M | 58.7M | 52.3M | 44.0M | 23.9M | 14.0M | 9.0M | 6.2M | 3.3M |
| Taxes Paid | 38.1M | 29.6M | 36.0M | 31.1M | 30.1M | 30.7M | 34.6M | 31.9M | 20.8M | 12.9M | 8.6M | 5.7M | 4.5M | 4.5M |
| Total Operating Cash Outflow | 340.0M | 341.0M | 341.0M | 310.0M | 288.0M | 279.0M | 254.0M | 226.0M | 164.0M | 104.0M | 85.8M | 60.5M | 30.4M | 31.7M |
| Operating Cash Flow | 54.7M | 83.1M | 23.1M | 7.6M | 7.0M | 66.5M | 53.7M | 7.8M | 15.8M | 10.3M | 11.6M | 16.4M | 2.0M | 3.6M |
| Total Investing Cash Inflow | 217.0M | 20,000 | -- | 36,000 | 37.0M | 155.0M | 63.0M | 806,200 | 56.9M | 5.6M | 20.0M | -- | -- | -- |
| Total Investing Cash Outflow | 277.0M | 116.0M | 45.7M | 43.8M | 106.0M | 164.0M | 86.5M | 10.9M | 46.5M | 4.2M | 43.7M | 867,600 | 846,000 | 7.1M |
| Investing Cash Flow | -60.8M | -116.0M | -45.7M | -43.7M | -69.0M | -9.0M | -23.5M | -10.1M | 10.4M | 1.5M | -23.7M | -867,600 | -846,000 | -7.1M |
| Cash From Borrowings | -- | 2.0M | 3.0M | -- | 30.0M | -- | -- | -- | -- | -- | -- | 5.0M | -- | -- |
| Dividends And Interest Paid | 27.6M | 24.5M | 29.3M | 57.0M | -- | 20.8M | 19.7M | 9.8M | 5.0M | 4.8M | 823,100 | 174,400 | -- | -- |
| Debt Repayments | 2.0M | 30.0M | 3.0M | -- | -- | -- | -- | -- | -- | -- | 1.0M | 4.0M | -- | -- |
| Total Financing Cash Inflow | 5.7M | 34.0M | 7.9M | -- | 397.0M | -- | 45.0M | 1.7M | 46.4M | 40.9M | -- | 5.0M | -- | 4.0M |
| Total Financing Cash Outflow | 50.2M | 62.5M | 37.7M | 60.1M | 27.6M | 22.3M | 23.4M | 9.8M | 5.0M | 4.8M | 1.8M | 4.2M | -- | -- |
| Financing Cash Flow | -44.5M | -28.5M | -29.8M | -60.1M | 369.0M | -22.3M | 21.6M | -8.1M | 41.4M | 36.1M | -1.8M | 825,600 | -- | 4.0M |
| Net Change In Cash | -50.6M | -61.7M | -52.4M | -96.2M | 307.0M | 35.3M | 51.8M | -10.4M | 67.6M | 47.8M | -13.9M | 16.3M | 1.1M | 515,300 |
| Ending Cash Balance | 244.0M | 295.0M | 357.0M | 409.0M | 505.0M | 198.0M | 163.0M | 111.0M | 122.0M | 54.0M | 6.2M | 20.1M | 3.7M | 2.6M |
| Capex | 61.4M | 36.3M | 45.7M | 43.8M | 57.6M | 19.9M | 16.0M | 10.4M | 6.5M | 4.2M | 667,500 | 867,600 | 846,000 | 7.1M |