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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 885.0M | 694.0M | 663.0M | 648.0M | 484.0M | 325.0M | 357.0M | 339.0M | 285.0M | 274.0M | 241.0M | 225.0M |
| Revenue Growth % | 27.5% | 4.7% | 2.3% | 33.9% | 48.9% | -9.0% | 5.3% | 18.9% | 4.0% | 13.7% | 7.1% | -- |
| Total Revenue | 885.0M | 694.0M | 663.0M | 648.0M | 484.0M | 325.0M | 357.0M | 339.0M | 285.0M | 274.0M | 241.0M | 225.0M |
| Cost Of Revenue | 666.0M | 559.0M | 552.0M | 557.0M | 402.0M | 265.0M | 275.0M | 251.0M | 201.0M | 187.0M | 158.0M | 138.0M |
| Gross Profit | 219.0M | 135.0M | 111.0M | 91.0M | 82.0M | 60.0M | 82.0M | 88.0M | 84.0M | 87.0M | 83.0M | 87.0M |
| Gross Margin % | 24.7% | 19.5% | 16.7% | 14.0% | 16.9% | 18.5% | 23.0% | 26.0% | 29.5% | 31.8% | 34.4% | 38.7% |
| Total Operating Cost | 826.0M | 701.0M | 687.0M | 687.0M | 491.0M | 334.0M | 338.0M | 310.0M | 249.0M | 234.0M | 196.0M | 170.0M |
| Selling Expenses | 24.5M | 21.9M | 18.7M | 20.3M | 14.1M | 18.6M | 20.0M | 17.6M | 12.4M | 9.7M | 7.9M | 6.9M |
| Admin Expenses | 72.1M | 61.8M | 54.6M | 54.8M | 43.3M | 36.2M | 28.6M | 22.6M | 32.4M | 32.1M | 28.7M | 23.3M |
| Rd Expenses | 29.4M | 31.3M | 27.9M | 34.8M | 23.6M | 15.6M | 12.7M | 14.3M | -- | -- | -- | -- |
| Finance Expenses | 10.7M | 18.6M | 18.4M | 15.1M | 8.5M | -2.5M | -1.2M | 656,700 | -83,500 | 2.3M | -206,800 | 1.1M |
| Operating Income | 85.8M | 14.4M | 4.0M | -20.5M | 7.7M | 4.8M | 40.5M | 46.1M | 36.3M | 40.2M | 45.2M | 54.9M |
| Operating Margin % | 9.7% | 2.1% | 0.6% | -3.2% | 1.6% | 1.5% | 11.3% | 13.6% | 12.7% | 14.7% | 18.8% | 24.4% |
| Non Operating Income | 1.0M | 673,000 | 447,300 | 65,200 | 4.6M | 8.4M | 8.1M | 6.0M | 14.1M | 8.5M | 13.0M | 12.1M |
| Non Operating Expenses | 600,100 | 149,000 | 789,400 | 22,300 | 65,100 | 12,700 | 13,100 | 65,600 | 13,500 | 474,500 | 41,700 | 12,900 |
| Investment Income | 11,100 | -- | -- | -- | 628,400 | -- | 4.5M | -- | -- | -- | -- | -- |
| Fair Value Change Income | 685,800 | 21,700 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 67,300 | -18,900 | 4.0M | -933,400 | -416,900 | -6,000 | -337,300 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 9.7M | 2.7M | 11.1M | 4.2M | 453,600 | 212,100 | 2.1M | 1.9M | 1.7M | 2.1M | 407,800 | -85,300 |
| Other Income | 25.6M | 20.9M | 24.1M | 19.8M | 14.3M | 13.5M | 16.7M | 16.4M | -- | -- | -- | -- |
| Income Before Tax | 86.2M | 14.9M | 3.6M | -20.4M | 12.2M | 13.2M | 48.6M | 52.1M | 50.4M | 48.2M | 58.2M | 67.0M |
| Income Tax | 6.7M | -4.7M | -14.4M | -5.6M | -342,900 | -1.3M | 524,400 | 6.3M | 5.1M | 5.5M | 6.7M | 7.5M |
| Net Income | 79.5M | 19.6M | 18.1M | -14.8M | 12.6M | 14.5M | 48.1M | 45.8M | 45.3M | 42.7M | 51.4M | 59.4M |
| Net Margin % | 9.0% | 2.8% | 2.7% | -2.3% | 2.6% | 4.5% | 13.5% | 13.5% | 15.9% | 15.6% | 21.3% | 26.4% |
| Net Income Attributable | 65.7M | 7.7M | 13.7M | -18.4M | 7.9M | 14.8M | 48.1M | 45.8M | 45.3M | 42.7M | 51.4M | 59.4M |
| Minority Interest | 13.7M | 12.0M | 4.4M | 3.6M | 4.6M | -274,900 | -- | -- | -- | -- | -- | -- |
| Eps Basic | 0.31 | 0.04 | 0.07 | -0.09 | 0.04 | 0.07 | 0.34 | 0.58 | 0.60 | 0.57 | -- | -- |
| Eps Diluted | 0.31 | 0.04 | 0.07 | -0.09 | 0.04 | 0.08 | 0.34 | 0.58 | 0.60 | 0.57 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 73.9M | 70.0M | 112.0M | 93.8M | 162.0M | 77.8M | 40.7M | 31.0M | 21.8M | 52.2M | 16.9M | 35.7M |
| Trading Financial Assets | -- | -- | -- | -- | -- | 10.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 322.0M | 249.0M | 236.0M | 242.0M | 185.0M | 136.0M | 151.0M | 154.0M | 123.0M | 100.0M | 61.2M | 58.0M |
| Notes Receivable | 3.5M | 800,000 | -- | 200,000 | -- | -- | 155,000 | 500,000 | -- | -- | -- | -- |
| Notes And Accounts Receivable | 326.0M | 249.0M | 236.0M | 242.0M | 185.0M | 136.0M | 151.0M | 155.0M | 123.0M | 100.0M | 61.2M | 58.0M |
| Prepayments | 4.1M | 3.2M | 4.8M | 4.3M | 3.0M | 3.2M | 996,700 | 2.7M | 3.1M | 1.3M | 1.6M | 578,300 |
| Inventory | 106.0M | 95.9M | 92.0M | 102.0M | 85.0M | 45.8M | 45.2M | 38.2M | 26.2M | 15.4M | 12.8M | 20.5M |
| Total Current Assets | 551.0M | 469.0M | 499.0M | 489.0M | 479.0M | 300.0M | 360.0M | 378.0M | 176.0M | 171.0M | 96.4M | 129.0M |
| Fixed Assets | -- | 424.0M | 392.0M | 342.0M | 299.0M | 260.0M | 245.0M | 224.0M | 84.6M | 93.0M | 86.6M | 105.0M |
| Fixed Assets Total | 448.0M | 424.0M | 392.0M | 342.0M | 299.0M | 260.0M | 245.0M | 224.0M | 84.6M | 93.0M | 86.6M | 105.0M |
| Construction In Progress | -- | 15.0M | 17.9M | 31.4M | 14.0M | 9.0M | 9.8M | 15.8M | 113.0M | 35.9M | 225,000 | 3.6M |
| Construction In Progress Total | 20.7M | 15.0M | 17.9M | 31.4M | 14.0M | 9.0M | 9.8M | 15.8M | 113.0M | 35.9M | 225,000 | 3.6M |
| Intangible Assets | 75.4M | 77.7M | 80.3M | 81.9M | 35.4M | 32.0M | 32.7M | 33.5M | 33.6M | 34.0M | 34.4M | 7.0M |
| Long Term Deferred Expenses | 64.7M | 55.2M | 55.1M | 31.8M | 31.5M | 29.3M | -- | -- | 5.6M | 16.7M | 28.8M | 2.8M |
| Total Non Current Assets | 999.0M | 706.0M | 693.0M | 648.0M | 454.0M | 385.0M | 334.0M | 294.0M | 274.0M | 185.0M | 176.0M | 123.0M |
| Total Assets | 1.6B | 1.2B | 1.2B | 1.1B | 933.0M | 686.0M | 694.0M | 672.0M | 450.0M | 356.0M | 273.0M | 252.0M |
| Short Term Borrowings | 187.0M | 61.2M | 38.0M | 35.0M | -- | -- | -- | -- | -- | 20.1M | 11.0M | -- |
| Accounts Payable | 161.0M | 122.0M | 134.0M | 119.0M | 86.2M | 73.4M | 58.2M | 63.9M | 86.5M | 74.0M | 30.6M | 29.7M |
| Advance Receipts | 1.2M | 1.4M | 548,000 | 179,200 | 237,900 | 1.3M | 1.4M | 600,100 | 434,700 | 247,800 | 514,600 | 261,700 |
| Contract Liabilities | 2.0M | 2.4M | 7.6M | 4.9M | 3.2M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 587.0M | 296.0M | 306.0M | 280.0M | 179.0M | 143.0M | 146.0M | 138.0M | 136.0M | 141.0M | 71.4M | 69.1M |
| Long Term Borrowings | 23.2M | 32.7M | 63.7M | 51.7M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 87.2M | 239.0M | 257.0M | 247.0M | 132.0M | 4.5M | 10.6M | 27.5M | 55.2M | 2.6M | 2.0M | 3.1M |
| Total Liabilities | 674.0M | 535.0M | 564.0M | 527.0M | 311.0M | 147.0M | 157.0M | 166.0M | 192.0M | 143.0M | 73.3M | 72.3M |
| Paid In Capital | 216.0M | 201.0M | 201.0M | 201.0M | 202.0M | 142.0M | 101.0M | 100.0M | 75.0M | 75.0M | 30.0M | 30.0M |
| Capital Reserve | 414.0M | 238.0M | 238.0M | 238.0M | 244.0M | 266.0M | 306.0M | 288.0M | 110.0M | 110.0M | 3.2M | 3.2M |
| Surplus Reserve | 24.2M | 20.5M | 20.5M | 20.5M | 20.5M | 19.2M | 16.9M | 11.9M | 7.3M | 2.8M | 19.3M | 14.6M |
| Retained Earnings | 168.0M | 112.0M | 113.0M | 99.0M | 117.0M | 122.0M | 130.0M | 107.0M | 65.6M | 24.8M | 147.0M | 131.0M |
| Minority Equity | 53.6M | 39.8M | 27.9M | 23.6M | 20.6M | 1.2M | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 822.0M | 600.0M | 601.0M | 586.0M | 601.0M | 537.0M | 538.0M | 506.0M | 258.0M | 213.0M | 199.0M | 179.0M |
| Total Equity | 876.0M | 640.0M | 628.0M | 610.0M | 621.0M | 539.0M | 538.0M | 506.0M | 258.0M | 213.0M | 199.0M | 179.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 875.0M | 722.0M | 743.0M | 640.0M | 509.0M | 361.0M | 397.0M | 356.0M | 301.0M | 278.0M | 279.0M | 270.0M |
| Tax Refunds Received | 26.3M | 31.7M | 21.6M | 25.3M | 18.0M | 13.3M | 16.7M | 16.4M | 8.1M | 4.6M | 7.9M | 8.5M |
| Total Operating Cash Inflow | 962.0M | 816.0M | 802.0M | 692.0M | 549.0M | 395.0M | 453.0M | 392.0M | 387.0M | 299.0M | 301.0M | 313.0M |
| Cash Paid For Goods | 550.0M | 499.0M | 469.0M | 423.0M | 363.0M | 210.0M | 247.0M | 203.0M | 180.0M | 130.0M | 145.0M | 148.0M |
| Cash Paid To Employees | 153.0M | 143.0M | 140.0M | 141.0M | 113.0M | 85.3M | 78.9M | 64.5M | 50.5M | 44.2M | 34.3M | 28.5M |
| Taxes Paid | 30.5M | 29.3M | 25.7M | 20.9M | 15.4M | 18.6M | 24.0M | 22.9M | 24.3M | 25.3M | 35.5M | 21.6M |
| Total Operating Cash Outflow | 800.0M | 740.0M | 688.0M | 650.0M | 536.0M | 350.0M | 383.0M | 331.0M | 292.0M | 235.0M | 240.0M | 277.0M |
| Operating Cash Flow | 162.0M | 75.5M | 114.0M | 42.1M | 13.0M | 45.4M | 69.4M | 61.5M | 95.6M | 64.6M | 60.3M | 36.7M |
| Total Investing Cash Inflow | 10.5M | 1.1M | 8.4M | 3.3M | 11.0M | 297.0M | 342.0M | 55,000 | 5,197 | -- | 10.4M | 10.2M |
| Total Investing Cash Outflow | 360.0M | 86.1M | 108.0M | 196.0M | 104.0M | 284.0M | 389.0M | 255.0M | 107.0M | 11.2M | 75.2M | 30.7M |
| Investing Cash Flow | -349.0M | -85.0M | -99.6M | -192.0M | -93.0M | 12.9M | -47.5M | -255.0M | -107.0M | -11.2M | -64.8M | -20.6M |
| Cash From Borrowings | 337.0M | 96.0M | 64.8M | 103.0M | -- | -- | -- | 4.3M | -- | 32.1M | 11.0M | -- |
| Dividends And Interest Paid | 16.5M | 14.1M | 5.6M | 2.8M | 11.4M | 20.3M | 20.0M | 106,000 | 338,400 | 47.8M | 24.8M | 1.6M |
| Debt Repayments | 127.0M | 107.0M | 46.6M | 5.0M | 9.0M | -- | -- | 4.3M | 20.1M | 23.0M | -- | -- |
| Total Financing Cash Inflow | 407.0M | 96.0M | 64.8M | 103.0M | 191.0M | 2.5M | 16.7M | 217.0M | -- | 45.1M | 11.0M | -- |
| Total Financing Cash Outflow | 224.0M | 128.0M | 61.0M | 20.5M | 27.0M | 22.0M | 20.6M | 13.5M | 20.4M | 70.8M | 24.8M | 1.6M |
| Financing Cash Flow | 183.0M | -32.4M | 3.8M | 82.2M | 164.0M | -19.4M | -3.9M | 203.0M | -20.4M | -25.7M | -13.8M | -1.6M |
| Net Change In Cash | -3.9M | -42.0M | 18.2M | -68.0M | 84.0M | 38.8M | 18.0M | 9.8M | -31.8M | 28.0M | -18.3M | 14.4M |
| Ending Cash Balance | 66.1M | 70.0M | 112.0M | 93.8M | 162.0M | 77.8M | 39.0M | 21.0M | 11.2M | 43.0M | 15.0M | 33.3M |
| Capex | 98.0M | 83.1M | 108.0M | 90.4M | 55.5M | 84.0M | 93.0M | 110.0M | 107.0M | 11.2M | 75.2M | 10.7M |