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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.4B | 2.0B | 1.7B | 1.4B | 1.2B | 1.5B | 1.5B | 928.0M | 707.0M |
| Revenue Growth % | -28.9% | 20.2% | 22.4% | 14.5% | -22.7% | 5.1% | 56.5% | 31.3% | -- |
| Total Revenue | 1.4B | 2.0B | 1.7B | 1.4B | 1.2B | 1.5B | 1.5B | 928.0M | 707.0M |
| Cost Of Revenue | 1.2B | 1.7B | 1.4B | 1.1B | 797.0M | 1.1B | 1.2B | 765.0M | 562.0M |
| Gross Profit | 192.0M | 275.0M | 230.0M | 290.0M | 382.0M | 425.0M | 299.0M | 163.0M | 145.0M |
| Gross Margin % | 13.6% | 13.8% | 13.9% | 21.5% | 32.4% | 27.9% | 20.6% | 17.6% | 20.5% |
| Total Operating Cost | 1.6B | 2.0B | 1.8B | 1.2B | 905.0M | 1.3B | 1.3B | 850.0M | 648.0M |
| Selling Expenses | 16.1M | 18.6M | 14.4M | 8.3M | 6.3M | 6.5M | 5.0M | 4.8M | 3.9M |
| Admin Expenses | 89.4M | 104.0M | 76.2M | 41.9M | 43.4M | 68.7M | 60.6M | 50.8M | 49.5M |
| Rd Expenses | 7.7M | 9.3M | 10.3M | 6.3M | 2.4M | 2.3M | 2.0M | 1.5M | 1.3M |
| Finance Expenses | 42.5M | 40.0M | 21.4M | 8.0M | 26.8M | 30.0M | 24.7M | 17.0M | 20.1M |
| Operating Income | -175.0M | 18.9M | -109.0M | 159.0M | 278.0M | 273.0M | 168.0M | 78.8M | 60.5M |
| Operating Margin % | -12.4% | 0.9% | -6.6% | 11.8% | 23.6% | 17.9% | 11.6% | 8.5% | 8.6% |
| Non Operating Income | 126,600 | 1.4M | 5.5M | 6.5M | 12.5M | 6.0M | 5.3M | 6.7M | 6.5M |
| Non Operating Expenses | 718,400 | 3.2M | 4.7M | 3.0M | 1.0M | 1.5M | 1.6M | 1.8M | 2.0M |
| Investment Income | 13.0M | 1.5M | 1.5M | 3.0M | 400,000 | -- | -- | -- | 214,200 |
| Asset Disposal Income | -1.6M | -6.4M | -1.3M | 3.1M | 2.4M | -418,500 | 1.9M | 128,100 | 529,000 |
| Asset Impairment Loss | 132.0M | 8.1M | 71.4M | 1.9M | -1.5M | -- | 31.9M | 3.5M | 6.5M |
| Other Income | 7.5M | 7.7M | 7.3M | 2.9M | 81,400 | -- | 395,400 | -- | -- |
| Income Before Tax | -176.0M | 17.0M | -109.0M | 163.0M | 289.0M | 277.0M | 172.0M | 83.6M | 65.1M |
| Income Tax | -3.6M | 4.9M | -6.6M | 25.7M | 45.4M | 44.3M | 28.1M | 17.8M | 12.2M |
| Net Income | -172.0M | 12.2M | -102.0M | 137.0M | 244.0M | 233.0M | 144.0M | 65.9M | 52.9M |
| Net Margin % | -12.2% | 0.6% | -6.2% | 10.1% | 20.7% | 15.3% | 9.9% | 7.1% | 7.5% |
| Net Income Attributable | -164.0M | 13.0M | -97.5M | 134.0M | 244.0M | 233.0M | 144.0M | 65.9M | 52.9M |
| Minority Interest | -8.1M | -775,600 | -4.5M | 3.4M | -- | -- | -- | -- | -- |
| Eps Basic | -0.95 | 0.08 | -0.57 | 0.81 | 1.72 | 2.53 | 1.56 | 0.73 | 0.64 |
| Eps Diluted | -0.95 | 0.08 | -0.57 | 0.81 | 1.72 | 2.53 | 1.56 | 0.73 | 0.64 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 258.0M | 427.0M | 512.0M | 650.0M | 124.0M | 87.5M | 67.0M | 74.2M | 90.2M |
| Trading Financial Assets | -- | -- | -- | 100.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 2.1B | 2.2B | 2.0B | 1.3B | 1.0B | 1.3B | 1.0B | 766.0M | 647.0M |
| Notes Receivable | 4.2M | 23.9M | 31.7M | 158.0M | 170.0M | 155.0M | 146.0M | 76.9M | 43.9M |
| Notes And Accounts Receivable | 2.2B | 2.3B | 2.0B | 1.5B | 1.2B | 1.4B | 1.2B | 843.0M | 691.0M |
| Prepayments | 5.0M | 3.7M | 7.6M | 5.2M | 3.0M | 881,300 | 1.8M | 913,300 | 2.7M |
| Inventory | 30.6M | 41.3M | 32.9M | 21.0M | 14.0M | 14.8M | 15.3M | 12.6M | 8.2M |
| Total Current Assets | 2.7B | 3.1B | 3.0B | 2.7B | 1.6B | 1.5B | 1.3B | 938.0M | 843.0M |
| Fixed Assets | -- | 496.0M | 358.0M | 277.0M | 236.0M | 233.0M | 146.0M | 159.0M | -- |
| Fixed Assets Total | 439.0M | 496.0M | 358.0M | 277.0M | 236.0M | 233.0M | 146.0M | 159.0M | 171.0M |
| Construction In Progress | -- | 18.1M | 189.0M | 3.1M | 436,600 | 462,500 | 46.6M | 127,800 | -- |
| Construction In Progress Total | -- | 18.1M | 189.0M | 3.1M | 436,600 | 462,500 | 46.6M | 127,800 | -- |
| Intangible Assets | 293.0M | 323.0M | 284.0M | 321.0M | 212.0M | 228.0M | 244.0M | 185.0M | 178.0M |
| Long Term Deferred Expenses | 7.2M | 10.0M | 13.8M | 12.1M | 9.5M | 9.8M | 10.9M | 12.9M | 13.1M |
| Total Non Current Assets | 1.2B | 1.4B | 1.4B | 860.0M | 500.0M | 509.0M | 479.0M | 391.0M | 396.0M |
| Total Assets | 4.0B | 4.5B | 4.4B | 3.5B | 2.1B | 2.1B | 1.7B | 1.3B | 1.2B |
| Short Term Borrowings | 422.0M | 444.0M | 426.0M | 199.0M | 310.0M | 383.0M | 203.0M | 189.0M | 215.0M |
| Accounts Payable | 889.0M | 936.0M | 551.0M | 312.0M | 341.0M | 524.0M | 426.0M | 366.0M | 288.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 28.2M | 25.7M | 13.6M | 120,400 |
| Contract Liabilities | 7.9M | 4.2M | 5.7M | 4.8M | 12.7M | -- | -- | -- | -- |
| Total Current Liabilities | 1.6B | 1.9B | 1.6B | 869.0M | 899.0M | 1.2B | 1.1B | 832.0M | 876.0M |
| Long Term Borrowings | 105.0M | 189.0M | 261.0M | 85.6M | 100.0M | -- | -- | 22.5M | -- |
| Total Non Current Liabilities | 298.0M | 408.0M | 519.0M | 333.0M | 197.0M | 113.0M | 129.0M | 111.0M | 93.5M |
| Total Liabilities | 1.9B | 2.3B | 2.1B | 1.2B | 1.1B | 1.3B | 1.2B | 942.0M | 969.0M |
| Paid In Capital | 172.0M | 172.0M | 172.0M | 172.0M | 92.2M | 92.2M | 92.2M | 92.2M | 88.0M |
| Capital Reserve | 1.3B | 1.3B | 1.3B | 1.3B | 182.0M | 182.0M | 182.0M | 180.0M | 136.0M |
| Surplus Reserve | 89.4M | 89.4M | 84.6M | 84.6M | 72.3M | 48.0M | 24.7M | 10.3M | 3.7M |
| Retained Earnings | 428.0M | 596.0M | 587.0M | 699.0M | 651.0M | 432.0M | 222.0M | 92.4M | 33.1M |
| Minority Equity | -1.1M | 7.0M | 6.7M | 12.3M | -- | -- | -- | -- | -- |
| Equity Attributable | 2.0B | 2.2B | 2.2B | 2.3B | 1.0B | 774.0M | 536.0M | 387.0M | 270.0M |
| Total Equity | 2.0B | 2.2B | 2.2B | 2.3B | 1.0B | 774.0M | 536.0M | 387.0M | 270.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 1.3B | 1.4B | 1.0B | 675.0M | 923.0M | 966.0M | 780.0M | 560.0M | 458.0M |
| Tax Refunds Received | 7.3M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 1.3B | 1.5B | 1.1B | 718.0M | 939.0M | 1.0B | 799.0M | 586.0M | 465.0M |
| Cash Paid For Goods | 1.0B | 1.1B | 920.0M | 699.0M | 654.0M | 642.0M | 665.0M | 477.0M | 292.0M |
| Cash Paid To Employees | 105.0M | 129.0M | 120.0M | 80.5M | 61.8M | 72.5M | 62.2M | 51.3M | 43.2M |
| Taxes Paid | 87.1M | 124.0M | 143.0M | 113.0M | 116.0M | 129.0M | 74.6M | 51.3M | 48.2M |
| Total Operating Cash Outflow | 1.3B | 1.4B | 1.3B | 940.0M | 883.0M | 883.0M | 842.0M | 605.0M | 419.0M |
| Operating Cash Flow | 11.8M | 94.4M | -207.0M | -222.0M | 56.6M | 134.0M | -43.8M | -19.1M | 46.3M |
| Total Investing Cash Inflow | 968,100 | 28.8M | 103.0M | 209.0M | 3.8M | 1.4M | 2.3M | 62.1M | 816,100 |
| Total Investing Cash Outflow | 21.2M | 152.0M | 453.0M | 527.0M | 23.3M | 26.0M | 28.8M | 11.9M | 9.8M |
| Investing Cash Flow | -20.2M | -124.0M | -349.0M | -318.0M | -19.5M | -24.6M | -26.6M | 50.2M | -9.0M |
| Cash From Borrowings | 403.0M | 479.0M | 707.0M | 249.0M | 333.0M | 383.0M | 290.0M | 212.0M | 235.0M |
| Dividends And Interest Paid | 31.7M | 61.9M | 33.2M | 80.0M | 16.8M | 24.1M | 13.1M | 65.7M | 29.4M |
| Debt Repayments | 567.0M | 466.0M | 264.0M | 373.0M | 323.0M | 273.0M | 289.0M | 254.0M | 205.0M |
| Total Financing Cash Inflow | 459.0M | 506.0M | 718.0M | 1.6B | 333.0M | 383.0M | 358.0M | 331.0M | 530.0M |
| Total Financing Cash Outflow | 614.0M | 550.0M | 316.0M | 472.0M | 353.0M | 442.0M | 304.0M | 353.0M | 571.0M |
| Financing Cash Flow | -155.0M | -44.2M | 403.0M | 1.1B | -20.4M | -59.1M | 53.1M | -21.1M | -41.7M |
| Net Change In Cash | -164.0M | -73.3M | -154.0M | 555.0M | 16.7M | 50.5M | -17.3M | 10.0M | -4.4M |
| Ending Cash Balance | 235.0M | 398.0M | 472.0M | 625.0M | 70.1M | 53.4M | 2.9M | 20.2M | 10.2M |
| Capex | 21.2M | 152.0M | 75.5M | 51.8M | 23.3M | 26.0M | 28.8M | 11.9M | 9.1M |