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 | 202.0M | 198.0M | 237.0M | 276.0M | 312.0M | 372.0M | 417.0M | 573.0M | 562.0M | 583.0M | 563.0M | 541.0M | 410.0M | 359.0M |
| Revenue Growth % | 2.0% | -16.5% | -14.1% | -11.5% | -16.1% | -10.8% | -27.2% | 2.0% | -3.6% | 3.6% | 4.1% | 32.0% | 14.2% | -- |
| Total Revenue | 202.0M | 198.0M | 237.0M | 276.0M | 312.0M | 372.0M | 417.0M | 573.0M | 562.0M | 583.0M | 563.0M | 541.0M | 410.0M | 359.0M |
| Cost Of Revenue | 134.0M | 129.0M | 142.0M | 148.0M | 155.0M | 191.0M | 183.0M | 242.0M | 232.0M | 243.0M | 238.0M | 246.0M | 187.0M | 181.0M |
| Gross Profit | 68.0M | 69.0M | 95.0M | 128.0M | 157.0M | 181.0M | 234.0M | 331.0M | 330.0M | 340.0M | 325.0M | 295.0M | 223.0M | 178.0M |
| Gross Margin % | 33.7% | 34.8% | 40.1% | 46.4% | 50.3% | 48.7% | 56.1% | 57.8% | 58.7% | 58.3% | 57.7% | 54.5% | 54.4% | 49.6% |
| Total Operating Cost | 321.0M | 348.0M | 346.0M | 363.0M | 363.0M | 518.0M | 519.0M | 508.0M | 480.0M | 494.0M | 466.0M | 435.0M | 332.0M | 292.0M |
| Selling Expenses | 70.9M | 88.2M | 86.2M | 92.5M | 112.0M | 157.0M | 178.0M | 140.0M | 132.0M | 138.0M | 126.0M | 110.0M | 77.5M | 67.2M |
| Admin Expenses | 58.7M | 77.3M | 72.4M | 74.7M | 69.8M | 90.2M | 106.0M | 89.5M | 103.0M | 99.5M | 91.5M | 70.2M | 60.3M | 37.4M |
| Rd Expenses | 7.9M | 11.0M | 11.0M | 14.4M | 12.2M | 17.4M | 18.4M | 20.3M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 6.7M | 7.2M | 6.1M | 5.6M | 724,200 | -56,100 | -1.9M | -1.9M | 762,500 | 2.1M | 1.7M | 2.5M | 2.1M | 1.4M |
| Operating Income | -118.0M | -118.0M | -105.0M | -72.8M | 20.2M | -133.0M | -93.2M | 71.0M | 81.9M | 89.0M | 97.1M | 106.0M | 78.1M | 67.1M |
| Operating Margin % | -58.4% | -59.6% | -44.3% | -26.4% | 6.5% | -35.8% | -22.3% | 12.4% | 14.6% | 15.3% | 17.2% | 19.6% | 19.0% | 18.7% |
| Non Operating Income | 494,500 | 54,400 | 94,900 | 4.1M | 5.6M | 483,100 | 422,400 | 2.1M | 9.8M | 5.3M | 2.6M | 3.0M | 1.6M | 597,100 |
| Non Operating Expenses | 3.0M | 780,900 | 491,800 | 519,300 | 891,900 | 11.7M | 553,100 | 2.1M | 1.1M | 1.7M | 1.4M | 178,700 | 1.9M | 176,900 |
| Investment Income | -2.0M | 23.8M | -2.7M | 11.1M | -950,600 | 7.1M | 5.2M | 3.3M | -- | -- | -- | -- | -- | 160,000 |
| Asset Disposal Income | 795,500 | 4.8M | -13,400 | 22,700 | 78,800 | -24,700 | 55,400 | 77,500 | -33,500 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 31.5M | 22.1M | 13.0M | 17.8M | 10.3M | 37.3M | 31.3M | 9.5M | 4.7M | 4.9M | 2.5M | 770,800 | 483,100 | 716,100 |
| Other Income | 2.4M | 3.3M | 7.5M | 3.6M | 72.4M | 5.0M | 3.9M | 3.0M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -120.0M | -119.0M | -105.0M | -69.2M | 24.9M | -145.0M | -93.3M | 71.0M | 90.6M | 92.6M | 98.3M | 109.0M | 77.8M | 67.5M |
| Income Tax | -1.7M | 13.3M | -14.2M | -1.4M | 12.5M | -15.9M | 660,700 | 9.3M | 13.9M | 16.5M | 25.1M | 28.3M | 23.4M | 13.8M |
| Net Income | -118.0M | -132.0M | -91.0M | -67.8M | 12.4M | -129.0M | -94.0M | 61.8M | 76.7M | 76.1M | 73.2M | 80.4M | 54.4M | 53.7M |
| Net Margin % | -58.4% | -66.7% | -38.4% | -24.6% | 4.0% | -34.7% | -22.5% | 10.8% | 13.6% | 13.1% | 13.0% | 14.9% | 13.3% | 15.0% |
| Net Income Attributable | -117.0M | -129.0M | -89.3M | -66.8M | 16.7M | -125.0M | -86.1M | 61.1M | 75.5M | 77.2M | 72.7M | 78.7M | 50.3M | 49.9M |
| Minority Interest | -1.3M | -2.9M | -1.7M | -925,900 | -4.3M | -4.3M | -7.9M | 716,700 | 1.1M | -1.1M | 422,800 | 1.7M | 4.1M | 3.8M |
| Eps Basic | -0.45 | -0.49 | -0.34 | -0.25 | 0.06 | -0.47 | -0.39 | 0.28 | 0.46 | 0.47 | 0.44 | 0.48 | 0.32 | -- |
| Eps Diluted | -0.45 | -0.49 | -0.34 | -0.25 | 0.06 | -0.47 | -- | -- | -- | 0.47 | 0.44 | 0.48 | 0.32 | -- |
| 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 | 15.9M | 20.0M | 47.5M | 89.0M | 141.0M | 91.2M | 197.0M | 335.0M | 556.0M | 112.0M | 112.0M | 113.0M | 66.3M | 54.0M |
| Trading Financial Assets | -- | -- | -- | 2.0M | 40.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 65.9M | 24.1M | 31.7M | 29.0M | 29.8M | 17.9M | 27.0M | 33.8M | 24.7M | 33.2M | 28.6M | 23.3M | 25.2M | 12.8M |
| Notes Receivable | 1.1M | -- | 934,800 | 620,600 | 1.5M | -- | 70,000 | 519,000 | 26,300 | 200,000 | -- | -- | -- | -- |
| Notes And Accounts Receivable | 67.0M | 24.1M | 32.6M | 29.6M | 31.3M | 17.9M | 27.1M | 34.3M | 24.7M | 33.4M | 28.6M | 23.3M | 25.2M | 12.8M |
| Prepayments | 4.3M | 3.6M | 8.8M | 8.7M | 8.7M | 5.2M | 4.8M | 7.8M | 14.1M | 10.8M | 9.3M | 6.4M | 8.4M | 5.0M |
| Inventory | 107.0M | 147.0M | 183.0M | 199.0M | 188.0M | 197.0M | 236.0M | 236.0M | 205.0M | 202.0M | 192.0M | 152.0M | 154.0M | 116.0M |
| Total Current Assets | 228.0M | 215.0M | 305.0M | 376.0M | 455.0M | 413.0M | 511.0M | 756.0M | 817.0M | 384.0M | 360.0M | 307.0M | 265.0M | 198.0M |
| Long Term Equity Investment | 55.4M | 57.3M | 33.5M | 22.3M | 9.8M | 10.2M | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 127.0M | 142.0M | 154.0M | 180.0M | 193.0M | 129.0M | 122.0M | 125.0M | 125.0M | 118.0M | 112.0M | 88.2M | 86.3M |
| Fixed Assets Total | 110.0M | 127.0M | 142.0M | 154.0M | 180.0M | 193.0M | 129.0M | 122.0M | 125.0M | 125.0M | 118.0M | 112.0M | 88.2M | 86.3M |
| Construction In Progress | -- | -- | 69.7M | 74.4M | 67.5M | 4.9M | 88.1M | 42.7M | 2.7M | 8.7M | 16.3M | 6.4M | 25.7M | 224,800 |
| Construction In Progress Total | 261,200 | -- | 69.7M | 74.4M | 67.5M | 4.9M | 88.1M | 42.7M | 2.7M | 8.7M | 16.3M | 6.4M | 25.7M | 224,800 |
| Intangible Assets | 31.2M | 54.4M | 53.6M | 59.2M | 54.0M | 56.6M | 58.4M | 38.5M | 38.7M | 34.2M | 32.5M | 32.7M | 33.0M | 23.3M |
| Long Term Deferred Expenses | 17.0M | 32.2M | 41.1M | 35.7M | 42.7M | 62.0M | 79.1M | 29.5M | 24.6M | 35.2M | 29.7M | 23.0M | 13.6M | 8.5M |
| Total Non Current Assets | 359.0M | 435.0M | 486.0M | 478.0M | 382.0M | 412.0M | 438.0M | 319.0M | 206.0M | 220.0M | 213.0M | 186.0M | 174.0M | 132.0M |
| Total Assets | 587.0M | 650.0M | 792.0M | 854.0M | 837.0M | 825.0M | 949.0M | 1.1B | 1.0B | 604.0M | 573.0M | 494.0M | 439.0M | 330.0M |
| Short Term Borrowings | 60.1M | 55.1M | 45.0M | 15.0M | 19.1M | -- | -- | -- | -- | 30.0M | 35.0M | 20.0M | 35.0M | 32.0M |
| Accounts Payable | 49.3M | 41.8M | 48.8M | 47.2M | 56.2M | 61.8M | 64.5M | 61.6M | 50.2M | 56.2M | 58.3M | 44.1M | 58.7M | 41.9M |
| Advance Receipts | 334,300 | 259,800 | -- | -- | -- | 55.5M | 55.7M | 40.2M | 54.4M | 44.1M | 47.5M | 45.6M | 47.2M | 60.8M |
| Contract Liabilities | 27.0M | 28.9M | 32.7M | 40.2M | 37.9M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 275.0M | 208.0M | 195.0M | 153.0M | 150.0M | 147.0M | 153.0M | 172.0M | 159.0M | 178.0M | 195.0M | 154.0M | 178.0M | 163.0M |
| Total Non Current Liabilities | 67.5M | 79.8M | 102.0M | 103.0M | 22.1M | 32.0M | 21.4M | 15.8M | 14.6M | 19.5M | 18.5M | 16.0M | 13.3M | 10.9M |
| Total Liabilities | 342.0M | 287.0M | 297.0M | 256.0M | 172.0M | 179.0M | 174.0M | 188.0M | 174.0M | 198.0M | 214.0M | 170.0M | 192.0M | 174.0M |
| Paid In Capital | 263.0M | 263.0M | 263.0M | 263.0M | 263.0M | 263.0M | 219.0M | 219.0M | 219.0M | 164.0M | 164.0M | 164.0M | 164.0M | 85.8M |
| Capital Reserve | 335.0M | 335.0M | 335.0M | 334.0M | 334.0M | 334.0M | 378.0M | 378.0M | 378.0M | 46.6M | 46.6M | 46.6M | 46.6M | -- |
| Surplus Reserve | 32.8M | 32.8M | 32.8M | 32.8M | 32.8M | 26.0M | 26.0M | 26.0M | 20.0M | 15.5M | 10.4M | 6.3M | 2.6M | 7.0M |
| Retained Earnings | -364.0M | -247.0M | -118.0M | -28.4M | 41.7M | 31.8M | 156.0M | 261.0M | 230.0M | 179.0M | 135.0M | 101.0M | 30.8M | 55.1M |
| Minority Equity | -14.6M | -14.1M | -11.2M | -1.5M | -7.3M | -9.0M | -4.4M | 2.4M | 2.1M | 1.3M | 3.1M | 5.0M | 3.3M | 7.8M |
| Equity Attributable | 260.0M | 377.0M | 506.0M | 599.0M | 672.0M | 655.0M | 780.0M | 884.0M | 847.0M | 405.0M | 356.0M | 318.0M | 244.0M | 148.0M |
| Total Equity | 245.0M | 363.0M | 495.0M | 598.0M | 664.0M | 646.0M | 775.0M | 887.0M | 849.0M | 407.0M | 359.0M | 323.0M | 248.0M | 156.0M |
| 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 | 190.0M | 229.0M | 238.0M | 304.0M | 337.0M | 432.0M | 511.0M | 680.0M | 705.0M | 699.0M | 652.0M | 636.0M | 453.0M | 431.0M |
| Tax Refunds Received | 61,000 | -- | 2,700 | -- | 28,400 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 197.0M | 238.0M | 274.0M | 325.0M | 443.0M | 442.0M | 521.0M | 685.0M | 711.0M | 706.0M | 658.0M | 645.0M | 468.0M | 438.0M |
| Cash Paid For Goods | 86.9M | 87.0M | 93.9M | 141.0M | 138.0M | 122.0M | 202.0M | 255.0M | 230.0M | 242.0M | 213.0M | 217.0M | 180.0M | 152.0M |
| Cash Paid To Employees | 94.7M | 114.0M | 127.0M | 134.0M | 118.0M | 156.0M | 177.0M | 165.0M | 153.0M | 153.0M | 145.0M | 117.0M | 92.3M | 67.4M |
| Taxes Paid | 15.4M | 21.7M | 18.8M | 21.9M | 19.1M | 22.9M | 65.5M | 75.3M | 79.7M | 109.0M | 95.7M | 91.2M | 74.6M | 49.9M |
| Total Operating Cash Outflow | 234.0M | 270.0M | 289.0M | 352.0M | 401.0M | 462.0M | 600.0M | 646.0M | 583.0M | 635.0M | 585.0M | 539.0M | 440.0M | 400.0M |
| Operating Cash Flow | -37.6M | -31.8M | -15.5M | -27.4M | 42.0M | -20.5M | -79.4M | 39.1M | 129.0M | 71.1M | 72.8M | 107.0M | 28.0M | 37.9M |
| Total Investing Cash Inflow | 21.4M | 528,300 | 2.1M | 143.0M | 985,000 | 122.0M | 411.0M | 155.0M | 875,000 | 658,900 | 700,100 | 499,900 | 559,100 | 9.5M |
| Total Investing Cash Outflow | 4.3M | 5.0M | 37.7M | 125.0M | 13.1M | 207.0M | 450.0M | 384.0M | 29.0M | 35.3M | 50.6M | 37.9M | 57.7M | 35.1M |
| Investing Cash Flow | 17.1M | -4.5M | -35.7M | 18.0M | -12.1M | -84.4M | -39.7M | -229.0M | -28.1M | -34.7M | -49.9M | -37.4M | -57.1M | -25.6M |
| Cash From Borrowings | 60.0M | 55.0M | 57.0M | 15.0M | 27.6M | -- | -- | -- | 30.0M | 50.0M | 35.0M | 35.0M | 52.0M | 35.9M |
| Dividends And Interest Paid | 2.1M | 1.9M | 1.2M | 10.8M | 889,300 | 330,000 | 19.1M | 24.5M | 21.7M | 31.2M | 39.3M | 7.2M | 2.4M | 1.7M |
| Debt Repayments | 55.0M | 45.0M | 27.0M | 19.0M | 8.6M | -- | -- | -- | 60.0M | 55.0M | 20.0M | 50.0M | 49.0M | 83.9M |
| Total Financing Cash Inflow | 110.0M | 100.0M | 63.2M | 25.0M | 27.7M | -- | 1.5M | -- | 428.0M | 50.0M | 35.0M | 35.0M | 92.8M | 35.9M |
| Total Financing Cash Outflow | 93.5M | 89.1M | 54.4M | 67.5M | 9.5M | 330,000 | 19.1M | 33.2M | 84.6M | 86.2M | 59.3M | 57.2M | 51.4M | 85.6M |
| Financing Cash Flow | 16.4M | 10.9M | 8.8M | -42.5M | 18.2M | -330,000 | -17.6M | -33.2M | 343.0M | -36.2M | -24.3M | -22.2M | 41.4M | -49.7M |
| Net Change In Cash | -4.0M | -25.3M | -42.2M | -52.0M | 48.1M | -105.0M | -137.0M | -223.0M | 444.0M | 250,300 | -1.5M | 47.1M | 12.3M | -37.2M |
| Ending Cash Balance | 15.8M | 19.8M | 45.1M | 87.3M | 139.0M | 91.2M | 197.0M | 333.0M | 556.0M | 112.0M | 112.0M | 113.0M | 66.3M | 54.0M |
| Capex | 4.3M | 5.0M | 35.1M | 23.0M | 13.1M | 36.5M | 142.0M | 139.0M | 29.0M | 35.3M | 50.6M | 37.9M | 50.7M | 14.7M |