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 | 336.0M | 395.0M | 527.0M | 781.0M | 602.0M | 797.0M | 835.0M | 796.0M | 695.0M | 710.0M | 655.0M | 614.0M | 541.0M |
| Revenue Growth % | -14.9% | -25.0% | -32.5% | 29.7% | -24.5% | -4.6% | 4.9% | 14.5% | -2.1% | 8.4% | 6.7% | 13.5% | -- |
| Total Revenue | 336.0M | 395.0M | 527.0M | 781.0M | 602.0M | 797.0M | 835.0M | 796.0M | 695.0M | 710.0M | 655.0M | 614.0M | 541.0M |
| Cost Of Revenue | 299.0M | 335.0M | 441.0M | 612.0M | 446.0M | 578.0M | 582.0M | 541.0M | 477.0M | 493.0M | 463.0M | 463.0M | 432.0M |
| Gross Profit | 37.0M | 60.0M | 86.0M | 169.0M | 156.0M | 219.0M | 253.0M | 255.0M | 218.0M | 217.0M | 192.0M | 151.0M | 109.0M |
| Gross Margin % | 11.0% | 15.2% | 16.3% | 21.6% | 25.9% | 27.5% | 30.3% | 32.0% | 31.4% | 30.6% | 29.3% | 24.6% | 20.1% |
| Total Operating Cost | 393.0M | 428.0M | 530.0M | 756.0M | 535.0M | 688.0M | 739.0M | 710.0M | 617.0M | 633.0M | 596.0M | 580.0M | 517.0M |
| Selling Expenses | 29.1M | 32.8M | 37.0M | 43.4M | 42.9M | 50.0M | 80.6M | 96.6M | 77.0M | 70.9M | 68.3M | 49.2M | 39.4M |
| Admin Expenses | 44.3M | 33.5M | 37.3M | 33.8M | 35.2M | 38.0M | 45.1M | 42.7M | 54.6M | 56.2M | 48.7M | 51.3M | 36.3M |
| Rd Expenses | 14.1M | 21.8M | 21.1M | 25.0M | 21.1M | 24.9M | 27.5M | 25.0M | -- | -- | -- | -- | -- |
| Finance Expenses | -10.1M | -12.5M | -16.3M | -16.2M | -17.9M | -9.7M | -2.0M | 360,600 | 5.6M | 9.0M | 10.8M | 7.9M | 4.7M |
| Operating Income | -51.7M | -26.7M | 170,200 | 31.2M | 72.3M | 129.0M | 112.0M | 93.5M | 77.3M | 77.4M | 50.1M | 35.4M | 23.8M |
| Operating Margin % | -15.4% | -6.8% | 0.0% | 4.0% | 12.0% | 16.2% | 13.4% | 11.7% | 11.1% | 10.9% | 7.6% | 5.8% | 4.4% |
| Non Operating Income | 1.1M | 4.6M | 7.1M | 2.3M | 1.6M | 1.2M | 4.4M | 849,200 | 5.4M | 1.4M | 1.7M | 1.1M | 524,700 |
| Non Operating Expenses | 185,000 | 347,000 | 192,200 | 377,200 | 2.3M | 80,400 | 130,500 | 111,100 | 196,300 | 163,900 | 651,100 | 1.3M | 379,900 |
| Investment Income | -- | 2.9M | 663,500 | 3.4M | 4.4M | 18.6M | 15.2M | 5.7M | 698,300 | 484,700 | -8.9M | 773,900 | 60,000 |
| Fair Value Change Income | 77,500 | -38,000 | 38,000 | 502,500 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -- | -- | 1.1M | 205,200 | 170,900 | 192,000 | 8,000 | 122,000 | -1.2M | -- | -- | -- | -- |
| Asset Impairment Loss | 7.9M | 8.0M | 3.7M | 2.9M | 6.2M | 4.2M | 2.5M | 171,200 | -407,400 | 554,100 | 2.7M | 5.4M | 2.6M |
| Other Income | 5.5M | 3.5M | 1.4M | 1.6M | 1.3M | 1.2M | 1.1M | 1.1M | -- | -- | -- | -- | -- |
| Income Before Tax | -50.8M | -22.5M | 7.1M | 33.0M | 71.5M | 130.0M | 116.0M | 94.2M | 82.5M | 78.7M | 51.1M | 35.2M | 23.9M |
| Income Tax | -1.6M | 5.8M | -1.2M | 13.6M | 10.7M | 17.2M | 17.3M | 14.2M | 12.3M | 11.5M | 9.4M | 8.3M | 3.4M |
| Net Income | -49.2M | -28.3M | 8.3M | 19.4M | 60.8M | 113.0M | 98.8M | 80.1M | 70.2M | 67.2M | 41.7M | 26.9M | 20.5M |
| Net Margin % | -14.7% | -7.2% | 1.6% | 2.5% | 10.1% | 14.2% | 11.8% | 10.1% | 10.1% | 9.5% | 6.4% | 4.4% | 3.8% |
| Net Income Attributable | -37.3M | -24.2M | 9.7M | 20.3M | 60.9M | 113.0M | 98.8M | 80.1M | 70.2M | 67.2M | 41.7M | 25.9M | 16.0M |
| Minority Interest | -11.9M | -4.2M | -1.4M | -889,400 | -89,900 | -- | -- | -- | -- | -- | -- | 985,100 | 4.5M |
| Eps Basic | -0.10 | -0.07 | 0.03 | 0.06 | 0.22 | 0.54 | 0.66 | 1.06 | 1.08 | 1.03 | 0.64 | 0.40 | 0.25 |
| Eps Diluted | -0.10 | -0.07 | 0.03 | 0.06 | 0.22 | 0.54 | 0.65 | 1.05 | 1.08 | 1.03 | 0.64 | 0.40 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 81.2M | 101.0M | 203.0M | 121.0M | 658.0M | 647.0M | 195.0M | 162.0M | 83.7M | 53.7M | 40.1M | 83.2M | 89.3M |
| Trading Financial Assets | 30.1M | -- | 20.0M | 52.5M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 48.3M | 7.6M | 26.9M | 34.3M | 14.4M | 13.7M | 960,300 | 1.3M | 181,300 | 24,500 | 1.8M | 672,900 | 2.4M |
| Notes Receivable | -- | -- | -- | -- | -- | -- | 250,000 | -- | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 48.3M | 7.6M | 26.9M | 34.3M | 14.4M | 13.7M | 1.2M | 1.3M | 181,300 | 24,500 | 1.8M | 672,900 | 2.4M |
| Prepayments | 2.9M | 2.1M | 5.8M | 15.4M | 7.2M | 7.8M | 9.5M | 6.9M | 6.5M | 2.3M | 1.8M | 4.5M | 11.2M |
| Inventory | 122.0M | 134.0M | 162.0M | 182.0M | 139.0M | 132.0M | 128.0M | 131.0M | 104.0M | 89.1M | 106.0M | 101.0M | 94.5M |
| Total Current Assets | 617.0M | 597.0M | 704.0M | 781.0M | 920.0M | 802.0M | 464.0M | 472.0M | 195.0M | 146.0M | 150.0M | 190.0M | 198.0M |
| Fixed Assets | -- | 320.0M | 296.0M | 216.0M | 238.0M | 255.0M | 268.0M | 287.0M | 302.0M | 319.0M | 338.0M | 343.0M | 56.5M |
| Fixed Assets Total | 602.0M | 320.0M | 296.0M | 216.0M | 238.0M | 255.0M | 268.0M | 287.0M | 302.0M | 319.0M | 338.0M | 343.0M | 56.5M |
| Construction In Progress | -- | 242.0M | 175.0M | 188.0M | 67.1M | 8.6M | 879,900 | -- | 3.1M | -- | -- | -- | 187.0M |
| Construction In Progress Total | -- | 242.0M | 175.0M | 188.0M | 67.1M | 8.6M | 879,900 | -- | 3.1M | -- | -- | -- | 187.0M |
| Intangible Assets | 103.0M | 107.0M | 104.0M | 106.0M | 57.7M | 55.4M | 56.8M | 56.4M | 57.7M | 59.1M | 60.6M | 62.3M | 64.0M |
| Total Non Current Assets | 818.0M | 813.0M | 710.0M | 618.0M | 380.0M | 337.0M | 602.0M | 509.0M | 380.0M | 396.0M | 421.0M | 420.0M | 324.0M |
| Total Assets | 1.4B | 1.4B | 1.4B | 1.4B | 1.3B | 1.1B | 1.1B | 981.0M | 575.0M | 542.0M | 571.0M | 611.0M | 522.0M |
| Short Term Borrowings | 10.0M | -- | -- | -- | 60.1M | -- | -- | -- | 10.0M | -- | 25.0M | 60.0M | 80.0M |
| Accounts Payable | 63.6M | 47.6M | 86.5M | 57.4M | 26.9M | 26.3M | 37.4M | 32.0M | 24.8M | 26.9M | 25.7M | 42.0M | 36.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 35.7M | 58.0M | 49.9M | 84.0M | 62.0M | 54.6M | 60.9M | 43.6M |
| Contract Liabilities | 38.5M | 42.8M | 52.5M | 51.5M | 31.1M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 272.0M | 203.0M | 313.0M | 300.0M | 263.0M | 213.0M | 233.0M | 244.0M | 224.0M | 192.0M | 278.0M | 289.0M | 230.0M |
| Long Term Borrowings | 139.0M | 132.0M | -- | -- | -- | -- | -- | -- | 23.2M | 101.0M | 101.0M | 102.0M | 89.0M |
| Total Non Current Liabilities | 159.0M | 151.0M | 21.2M | 21.1M | 5.3M | 5.8M | 6.3M | 7.4M | 31.7M | 101.0M | 101.0M | 102.0M | 89.0M |
| Total Liabilities | 431.0M | 354.0M | 334.0M | 321.0M | 268.0M | 219.0M | 239.0M | 251.0M | 256.0M | 293.0M | 380.0M | 391.0M | 319.0M |
| Paid In Capital | 355.0M | 355.0M | 355.0M | 273.0M | 210.0M | 151.0M | 116.0M | 89.6M | 65.0M | 65.0M | 65.0M | 65.0M | 65.0M |
| Capital Reserve | 116.0M | 116.0M | 116.0M | 198.0M | 261.0M | 319.0M | 351.0M | 367.0M | -- | -- | -- | -- | -- |
| Surplus Reserve | 78.0M | 78.0M | 78.0M | 76.4M | 69.3M | 63.2M | 50.4M | 40.5M | 32.5M | 32.5M | 32.5M | 30.7M | 25.4M |
| Retained Earnings | 387.0M | 424.0M | 452.0M | 452.0M | 460.0M | 405.0M | 340.0M | 278.0M | 221.0M | 151.0M | 93.8M | 124.0M | 103.0M |
| Minority Equity | 60.7M | 72.6M | 76.7M | 78.2M | 32.7M | -- | -- | -- | -- | -- | -- | 524,200 | 9.7M |
| Equity Attributable | 943.0M | 984.0M | 1.0B | 1.0B | 1.0B | 921.0M | 826.0M | 730.0M | 319.0M | 249.0M | 191.0M | 220.0M | 194.0M |
| Total Equity | 1.0B | 1.1B | 1.1B | 1.1B | 1.0B | 921.0M | 826.0M | 730.0M | 319.0M | 249.0M | 191.0M | 220.0M | 203.0M |
| 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 | 324.0M | 416.0M | 587.0M | 899.0M | 653.0M | 877.0M | 957.0M | 871.0M | 813.0M | 812.0M | 737.0M | 736.0M | 643.0M |
| Tax Refunds Received | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.3M | -- | -- |
| Total Operating Cash Inflow | 343.0M | 436.0M | 611.0M | 937.0M | 675.0M | 890.0M | 968.0M | 877.0M | 821.0M | 814.0M | 746.0M | 740.0M | 644.0M |
| Cash Paid For Goods | 244.0M | 326.0M | 392.0M | 640.0M | 462.0M | 606.0M | 604.0M | 585.0M | 520.0M | 499.0M | 509.0M | 481.0M | 452.0M |
| Cash Paid To Employees | 73.2M | 77.4M | 78.0M | 82.5M | 70.7M | 84.1M | 81.0M | 81.7M | 72.1M | 64.4M | 60.2M | 55.4M | 56.8M |
| Taxes Paid | 13.4M | 10.9M | 48.7M | 47.1M | 40.7M | 48.1M | 76.9M | 46.5M | 57.6M | 60.3M | 48.9M | 39.5M | 29.0M |
| Total Operating Cash Outflow | 363.0M | 474.0M | 557.0M | 820.0M | 614.0M | 790.0M | 839.0M | 797.0M | 718.0M | 692.0M | 667.0M | 636.0M | 579.0M |
| Operating Cash Flow | -19.3M | -38.3M | 54.2M | 117.0M | 60.8M | 101.0M | 129.0M | 79.8M | 103.0M | 122.0M | 78.7M | 104.0M | 65.1M |
| Total Investing Cash Inflow | 850.0M | 1.1B | 1.4B | 2.6B | 1.7B | 1.3B | 1.2B | 916.0M | 1.3M | 770,700 | 1.2M | 1.4M | 327,700 |
| Total Investing Cash Outflow | 874.0M | 1.3B | 1.4B | 3.2B | 1.8B | 869.0M | 1.3B | 1.2B | 9.1M | 4.2M | 51.1M | 99.7M | 192.0M |
| Investing Cash Flow | -23.2M | -165.0M | 6.5M | -617.0M | -142.0M | 388.0M | -68.5M | -321.0M | -7.9M | -3.4M | -49.9M | -98.2M | -191.0M |
| Cash From Borrowings | 43.1M | 203.0M | 147.0M | 50.0M | 74.5M | -- | -- | 10.0M | 40.0M | 75.0M | 70.0M | 140.0M | 189.0M |
| Dividends And Interest Paid | 4.5M | 6.8M | 9.6M | 22.4M | 1.5M | 34.9M | 26.9M | 17.1M | 15.9M | 80.0M | 28.7M | 12.2M | 11.7M |
| Debt Repayments | 14.5M | 96.0M | 117.0M | 110.0M | 14.5M | -- | -- | 62.0M | 89.0M | 100.0M | 112.0M | 140.0M | 40.0M |
| Total Financing Cash Inflow | 43.1M | 203.0M | 147.0M | 96.4M | 107.0M | -- | -- | 405.0M | 40.0M | 75.0M | 70.0M | 140.0M | 189.0M |
| Total Financing Cash Outflow | 19.0M | 103.0M | 127.0M | 132.0M | 16.0M | 35.9M | 26.9M | 85.7M | 105.0M | 180.0M | 142.0M | 152.0M | 51.7M |
| Financing Cash Flow | 24.1M | 101.0M | 20.4M | -36.0M | 91.3M | -35.9M | -26.9M | 319.0M | -64.9M | -105.0M | -71.7M | -12.2M | 137.0M |
| Net Change In Cash | -18.5M | -103.0M | 82.0M | -537.0M | 10.8M | 453.0M | 33.2M | 77.7M | 30.5M | 13.1M | -42.9M | -6.3M | 11.2M |
| Ending Cash Balance | 81.1M | 99.6M | 202.0M | 120.0M | 658.0M | 647.0M | 195.0M | 161.0M | 83.7M | 53.2M | 40.1M | 83.0M | 89.3M |
| Capex | 13.6M | 138.0M | 128.0M | 169.0M | 46.2M | 21.2M | 13.9M | 7.2M | 9.1M | 4.2M | 51.1M | 99.7M | 192.0M |