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 | 4.6B | 4.1B | 3.6B | 3.2B | 1.9B | 1.6B | 958.0M | 803.0M | 652.0M | 553.0M | 542.0M | 609.0M | 587.0M | 435.0M |
| Revenue Growth % | 12.8% | 13.4% | 12.3% | 65.9% | 19.7% | 68.9% | 19.3% | 23.2% | 17.9% | 2.0% | -11.0% | 3.7% | 34.9% | -- |
| Total Revenue | 4.6B | 4.1B | 3.6B | 3.2B | 1.9B | 1.6B | 958.0M | 803.0M | 652.0M | 553.0M | 542.0M | 609.0M | 587.0M | 435.0M |
| Cost Of Revenue | 4.0B | 3.6B | 3.2B | 2.8B | 1.6B | 1.3B | 779.0M | 613.0M | 480.0M | 408.0M | 419.0M | 466.0M | 455.0M | 348.0M |
| Gross Profit | 651.0M | 457.0M | 456.0M | 401.0M | 346.0M | 330.0M | 179.0M | 190.0M | 172.0M | 145.0M | 123.0M | 143.0M | 132.0M | 87.0M |
| Gross Margin % | 14.1% | 11.2% | 12.6% | 12.5% | 17.9% | 20.4% | 18.7% | 23.7% | 26.4% | 26.2% | 22.7% | 23.5% | 22.5% | 20.0% |
| Total Operating Cost | 4.5B | 4.1B | 3.6B | 3.2B | 1.8B | 1.6B | 937.0M | 755.0M | 578.0M | 486.0M | 495.0M | 549.0M | 537.0M | 416.0M |
| Selling Expenses | 64.0M | 54.6M | 48.9M | 48.1M | 22.8M | 119.0M | 64.6M | 49.6M | 39.8M | 30.6M | 23.6M | 27.2M | 22.2M | 14.2M |
| Admin Expenses | 69.4M | 64.7M | 61.0M | 62.1M | 33.4M | 26.8M | 19.0M | 21.4M | 37.1M | 33.5M | 31.7M | 32.2M | 31.7M | 35.6M |
| Rd Expenses | 186.0M | 145.0M | 119.0M | 87.8M | 69.7M | 55.0M | 33.0M | 27.5M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 130.0M | 135.0M | 125.0M | 94.0M | 56.7M | 44.8M | 32.4M | 33.9M | 13.3M | 11.5M | 16.3M | 16.8M | 23.1M | 13.1M |
| Operating Income | 191.0M | 19.8M | 36.1M | 72.5M | 117.0M | 62.8M | 32.7M | 51.7M | 73.9M | 66.5M | 47.0M | 60.0M | 50.5M | 19.5M |
| Operating Margin % | 4.1% | 0.5% | 1.0% | 2.3% | 6.0% | 3.9% | 3.4% | 6.4% | 11.3% | 12.0% | 8.7% | 9.9% | 8.6% | 4.5% |
| Non Operating Income | 1.4M | 15.5M | 495,900 | 979,900 | 1.0M | 1.8M | 2.0M | 2.1M | 2.0M | 837,800 | 2.3M | 505,000 | 300,100 | 602,500 |
| Non Operating Expenses | 4.2M | 4.1M | 2.1M | 1.0M | 2.7M | 698,000 | 1.4M | 76,800 | 446,200 | 356,400 | 371,300 | 252,300 | 743,500 | 1.2M |
| Investment Income | -318,000 | 2.5M | -6.2M | 3.0M | 208,800 | -599,600 | 12.2M | 667,000 | -- | -- | -- | -- | -- | -- |
| Fair Value Change Income | -- | -- | -- | -- | -810,400 | -1.6M | -1.7M | 3.4M | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 15.7M | 42.0M | -33,100 | -261,800 | -94,900 | 685,800 | -- | 59,700 | -132,200 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 9.0M | 55.1M | 5.9M | 20.4M | 4.3M | -- | 2.7M | 4.5M | 1.7M | -862,900 | 931,300 | 3.3M | 2.6M | 3.2M |
| Other Income | 43.5M | 22.2M | 21.1M | 12.6M | 2.8M | 2.2M | 484,700 | 166,700 | -- | -- | -- | -- | -- | -- |
| Income Before Tax | 188.0M | 31.3M | 34.4M | 72.5M | 116.0M | 63.9M | 33.2M | 53.8M | 75.4M | 67.0M | 49.0M | 60.2M | 50.1M | 18.9M |
| Income Tax | 26.6M | 690,400 | -6.9M | -542,500 | 9.7M | 4.1M | 1.9M | 6.2M | 12.0M | 10.3M | 7.7M | 9.2M | 7.7M | 7.3M |
| Net Income | 162.0M | 30.6M | 41.3M | 73.0M | 106.0M | 59.8M | 31.3M | 47.6M | 63.4M | 56.8M | 41.3M | 51.0M | 42.4M | 11.6M |
| Net Margin % | 3.5% | 0.7% | 1.1% | 2.3% | 5.5% | 3.7% | 3.3% | 5.9% | 9.7% | 10.3% | 7.6% | 8.4% | 7.2% | 2.7% |
| Net Income Attributable | 155.0M | 26.2M | 39.4M | 71.2M | 106.0M | 59.0M | 31.7M | 47.7M | 63.4M | 56.8M | 41.3M | 51.0M | 42.4M | 11.6M |
| Minority Interest | 6.9M | 4.4M | 2.0M | 1.8M | 5,700 | 813,800 | -402,100 | -98,000 | -- | -- | -- | -- | -- | -- |
| Eps Basic | 0.46 | 0.08 | 0.12 | 0.24 | 0.37 | 0.23 | 0.18 | 0.27 | 0.48 | 0.65 | 0.51 | 0.66 | 0.55 | 0.15 |
| Eps Diluted | 0.46 | 0.08 | 0.12 | 0.24 | 0.37 | 0.23 | 0.18 | 0.27 | 0.48 | 0.65 | 0.51 | 0.66 | 0.55 | 0.15 |
| 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 | 183.0M | 495.0M | 413.0M | 393.0M | 93.9M | 288.0M | 251.0M | 188.0M | 438.0M | 110.0M | 69.2M | 25.6M | 31.5M | 83.2M |
| Trading Financial Assets | -- | 90.9M | -- | 10.1M | 9.0M | 14.7M | 4.8M | 4.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 1.8B | 1.3B | 1.5B | 1.0B | 588.0M | 518.0M | 389.0M | 331.0M | 249.0M | 221.0M | 229.0M | 230.0M | 210.0M | 186.0M |
| Notes Receivable | 67.0M | 10.6M | 27.4M | 31.9M | 27.7M | 24.3M | 10.1M | 11.5M | 5.1M | 13.7M | 1.8M | 1.0M | 100,000 | 13.2M |
| Notes And Accounts Receivable | 1.8B | 1.3B | 1.5B | 1.1B | 616.0M | 542.0M | 399.0M | 343.0M | 254.0M | 235.0M | 231.0M | 231.0M | 210.0M | 199.0M |
| Prepayments | 71.7M | 78.4M | 200.0M | 35.1M | 25.2M | 28.0M | 59.1M | 31.3M | 55.5M | 19.1M | 5.4M | 6.1M | 17.3M | 18.2M |
| Inventory | 955.0M | 1.3B | 1.5B | 1.5B | 967.0M | 962.0M | 766.0M | 626.0M | 422.0M | 231.0M | 242.0M | 261.0M | 280.0M | 240.0M |
| Total Current Assets | 4.3B | 4.5B | 4.4B | 3.7B | 1.9B | 1.9B | 1.5B | 1.2B | 1.2B | 600.0M | 552.0M | 529.0M | 541.0M | 544.0M |
| Fixed Assets | -- | 1.1B | 940.0M | -- | 457.0M | 431.0M | 328.0M | 248.0M | 229.0M | 199.0M | 185.0M | 200.0M | 163.0M | 156.0M |
| Fixed Assets Total | 1.1B | 1.1B | 940.0M | 728.0M | 457.0M | 431.0M | 328.0M | 248.0M | 229.0M | 199.0M | 185.0M | 200.0M | 163.0M | 156.0M |
| Construction In Progress | -- | 2.1M | 52.5M | -- | 423,400 | 6.9M | 15.1M | 25.7M | -- | 7.4M | 1.5M | 879,100 | 4.4M | 110,800 |
| Construction In Progress Total | 11.7M | 2.1M | 52.5M | 4.8M | 423,400 | 6.9M | 15.1M | 25.7M | -- | 7.4M | 1.5M | 879,100 | 4.4M | 110,800 |
| Intangible Assets | 293.0M | 293.0M | 299.0M | 233.0M | 107.0M | 108.0M | 58.7M | 65.1M | 44.6M | 45.5M | 44.9M | 46.2M | 32.6M | 34.8M |
| Long Term Deferred Expenses | 1.3M | 3.2M | 5.0M | 3.4M | -- | -- | -- | -- | -- | -- | 274,800 | 348,100 | -- | -- |
| Total Non Current Assets | 1.6B | 1.7B | 1.6B | 1.2B | 637.0M | 617.0M | 467.0M | 377.0M | 284.0M | 262.0M | 242.0M | 254.0M | 212.0M | 193.0M |
| Total Assets | 5.9B | 6.2B | 5.9B | 4.9B | 2.6B | 2.5B | 2.0B | 1.6B | 1.5B | 862.0M | 794.0M | 782.0M | 753.0M | 737.0M |
| Short Term Borrowings | 1.7B | 2.4B | 997.0M | 1.1B | 706.0M | 667.0M | 789.0M | 458.0M | 372.0M | 254.0M | 188.0M | 211.0M | 233.0M | 283.0M |
| Accounts Payable | 545.0M | 579.0M | 694.0M | 509.0M | 149.0M | 96.4M | 57.4M | 27.9M | 136.0M | 48.8M | 92.3M | 99.6M | 125.0M | 127.0M |
| Advance Receipts | 277,600 | 1.2M | 1.0M | 1.9M | 2.3M | 183.0M | 88.5M | 71.6M | 52.1M | 30.5M | 47.4M | 61.8M | 54.4M | 83.2M |
| Contract Liabilities | 78.4M | 119.0M | 204.0M | 177.0M | 88.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 3.2B | 3.9B | 3.6B | 2.8B | 1.1B | 1.1B | 1.1B | 680.0M | 592.0M | 384.0M | 366.0M | 454.0M | 478.0M | 504.0M |
| Long Term Borrowings | 648.0M | 392.0M | 511.0M | 92.0M | 149.0M | 130.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 677.0M | 435.0M | 564.0M | 111.0M | 153.0M | 133.0M | 1.3M | 29.1M | 47.0M | 3.2M | 9.8M | 1.4M | -- | -- |
| Total Liabilities | 3.9B | 4.3B | 4.1B | 2.9B | 1.2B | 1.2B | 1.1B | 710.0M | 639.0M | 388.0M | 376.0M | 456.0M | 478.0M | 504.0M |
| Paid In Capital | 339.0M | 339.0M | 339.0M | 339.0M | 288.0M | 206.0M | 175.0M | 175.0M | 117.0M | 87.5M | 87.5M | 77.5M | 77.5M | 77.5M |
| Capital Reserve | 900.0M | 952.0M | 920.0M | 1.2B | 648.0M | 730.0M | 453.0M | 453.0M | 512.0M | 240.0M | 240.0M | 200.0M | 200.0M | 119.0M |
| Surplus Reserve | 90.0M | 86.8M | 86.5M | 49.3M | 44.4M | 33.3M | 28.9M | 25.9M | 21.1M | 14.8M | 9.0M | 4.9M | -- | 3.6M |
| Retained Earnings | 558.0M | 423.0M | 410.0M | 398.0M | 368.0M | 272.0M | 227.0M | 213.0M | 189.0M | 132.0M | 81.1M | 43.9M | -2.2M | 33.5M |
| Minority Equity | 65.3M | 58.4M | 33.2M | 45.1M | 12.7M | 13.0M | 12.2M | 18.9M | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.9B | 1.8B | 1.8B | 2.0B | 1.3B | 1.2B | 885.0M | 867.0M | 839.0M | 475.0M | 418.0M | 327.0M | 276.0M | 233.0M |
| Total Equity | 2.0B | 1.9B | 1.8B | 2.1B | 1.4B | 1.3B | 897.0M | 886.0M | 839.0M | 475.0M | 418.0M | 327.0M | 276.0M | 233.0M |
| 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 | 3.5B | 3.1B | 2.8B | 3.1B | 1.4B | 1.6B | 1.0B | 847.0M | 795.0M | 600.0M | 523.0M | 609.0M | 659.0M | 478.0M |
| Tax Refunds Received | 4.5M | 8.3M | 6.6M | 23.0M | 1.6M | 5.7M | 10.2M | 10.1M | 52,000 | 52,900 | -- | -- | -- | -- |
| Total Operating Cash Inflow | 3.8B | 3.3B | 3.2B | 3.3B | 1.4B | 1.6B | 1.1B | 873.0M | 803.0M | 615.0M | 571.0M | 632.0M | 701.0M | 545.0M |
| Cash Paid For Goods | 2.8B | 2.4B | 2.8B | 3.1B | 1.2B | 1.3B | 942.0M | 950.0M | 686.0M | 468.0M | 421.0M | 409.0M | 482.0M | 434.0M |
| Cash Paid To Employees | 425.0M | 379.0M | 327.0M | 261.0M | 156.0M | 145.0M | 87.4M | 90.8M | 72.1M | 51.0M | 48.1M | 43.1M | 38.8M | 21.9M |
| Taxes Paid | 191.0M | 86.2M | 70.9M | 51.7M | 59.0M | 22.1M | 19.6M | 26.1M | 41.9M | 31.7M | 42.5M | 40.1M | 24.5M | 34.1M |
| Total Operating Cash Outflow | 3.7B | 3.1B | 3.4B | 3.6B | 1.4B | 1.6B | 1.1B | 1.2B | 858.0M | 600.0M | 561.0M | 540.0M | 611.0M | 550.0M |
| Operating Cash Flow | 183.0M | 199.0M | -189.0M | -347.0M | -64.4M | -10.3M | -84.0M | -282.0M | -55.4M | 14.8M | 10.8M | 92.1M | 89.2M | -4.6M |
| Total Investing Cash Inflow | 89.1M | 181.0M | 158.0M | 514.0M | 556.0M | 28.0M | 78.4M | 252.0M | -- | 200,000 | 255,800 | -- | 209,200 | -- |
| Total Investing Cash Outflow | 95.0M | 571.0M | 467.0M | 579.0M | 615.0M | 210.0M | 160.0M | 357.0M | 35.0M | 36.9M | 5.0M | 51.7M | 68.9M | 150.0M |
| Investing Cash Flow | -5.9M | -391.0M | -308.0M | -64.9M | -59.3M | -182.0M | -81.9M | -105.0M | -35.0M | -36.7M | -4.8M | -51.7M | -68.6M | -150.0M |
| Cash From Borrowings | 1.9B | 3.9B | 2.2B | 1.6B | 895.0M | 1.0B | 971.0M | 717.0M | 372.0M | 405.0M | 256.0M | 273.0M | 283.0M | 353.0M |
| Dividends And Interest Paid | 152.0M | 133.0M | 121.0M | 106.0M | 68.5M | 56.1M | 62.3M | 44.4M | 13.2M | 13.1M | 14.9M | 16.3M | 22.7M | 12.4M |
| Debt Repayments | 1.8B | 2.6B | 1.9B | 1.5B | 836.0M | 1.0B | 640.0M | 630.0M | 254.0M | 338.0M | 282.0M | 304.0M | 333.0M | 170.0M |
| Total Financing Cash Inflow | 3.2B | 5.5B | 3.3B | 2.3B | 997.0M | 1.5B | 974.0M | 813.0M | 721.0M | 405.0M | 315.0M | 273.0M | 283.0M | 358.0M |
| Total Financing Cash Outflow | 3.6B | 5.2B | 2.8B | 1.7B | 961.0M | 1.2B | 876.0M | 695.0M | 279.0M | 358.0M | 301.0M | 320.0M | 356.0M | 182.0M |
| Financing Cash Flow | -470.0M | 263.0M | 536.0M | 625.0M | 36.4M | 242.0M | 98.0M | 118.0M | 442.0M | 47.3M | 14.3M | -47.2M | -73.3M | 176.0M |
| Net Change In Cash | -292.0M | 74.9M | 40.9M | 211.0M | -91.1M | 51.3M | -64.2M | -273.0M | 355.0M | 27.9M | 20.3M | -6.7M | -52.7M | 21.8M |
| Ending Cash Balance | 124.0M | 416.0M | 342.0M | 301.0M | 47.0M | 138.0M | 86.8M | 151.0M | 424.0M | 69.1M | 41.1M | 20.8M | 27.5M | 80.2M |
| Capex | 53.9M | 430.0M | 339.0M | 113.0M | 48.2M | 180.0M | 91.1M | 107.0M | 35.0M | 36.9M | 5.0M | 48.1M | 68.9M | 150.0M |