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 | 1.9B | 1.4B | 1.2B | 1.2B | 860.0M | 767.0M | 670.0M | 622.0M | 477.0M | 372.0M | 489.0M | 570.0M | 636.0M |
| Revenue Growth % | 35.5% | 16.0% | 0.7% | 40.8% | 12.1% | 14.5% | 7.7% | 30.4% | 28.2% | -23.9% | -14.2% | -10.4% | -- |
| Total Revenue | 1.9B | 1.4B | 1.2B | 1.2B | 860.0M | 767.0M | 670.0M | 622.0M | 477.0M | 372.0M | 489.0M | 570.0M | 636.0M |
| Cost Of Revenue | 1.7B | 1.2B | 1.1B | 1.0B | 706.0M | 615.0M | 544.0M | 507.0M | 384.0M | 303.0M | 397.0M | 468.0M | 525.0M |
| Gross Profit | 265.0M | 181.0M | 124.0M | 165.0M | 154.0M | 152.0M | 126.0M | 115.0M | 93.0M | 69.0M | 92.0M | 102.0M | 111.0M |
| Gross Margin % | 13.8% | 12.8% | 10.2% | 13.6% | 17.9% | 19.8% | 18.8% | 18.5% | 19.5% | 18.5% | 18.8% | 17.9% | 17.5% |
| Total Operating Cost | 1.8B | 1.4B | 1.2B | 1.2B | 797.0M | 707.0M | 619.0M | 578.0M | 447.0M | 356.0M | 457.0M | 529.0M | 586.0M |
| Selling Expenses | 20.7M | 19.0M | 14.3M | 10.8M | 7.9M | 12.5M | 10.2M | 7.7M | 6.2M | 4.3M | 4.7M | 4.7M | 4.2M |
| Admin Expenses | 46.9M | 42.1M | 35.5M | 31.9M | 25.3M | 22.7M | 18.5M | 17.3M | 19.3M | 32.9M | 37.3M | 34.6M | 34.3M |
| Rd Expenses | 74.3M | 53.0M | 44.6M | 45.7M | 36.0M | 35.2M | 24.0M | 23.0M | 20.2M | -- | -- | -- | -- |
| Finance Expenses | 36.1M | 28.5M | 21.1M | 20.8M | 12.4M | 15.7M | 15.7M | 15.6M | 12.2M | 13.3M | 15.9M | 18.7M | 20.0M |
| Operating Income | 85.3M | 41.7M | 2.0M | 47.7M | 71.5M | 65.8M | 54.6M | 45.9M | 30.4M | 15.9M | 32.1M | 41.7M | 49.7M |
| Operating Margin % | 4.4% | 2.9% | 0.2% | 3.9% | 8.3% | 8.6% | 8.1% | 7.4% | 6.4% | 4.3% | 6.6% | 7.3% | 7.8% |
| Non Operating Income | 420,100 | 7,300 | 8,900 | 75,800 | 1.2M | 22,400 | 561,100 | 932,100 | 5.4M | 2.1M | 3.0M | 4.0M | 1.7M |
| Non Operating Expenses | 1.5M | 695,500 | 1.1M | 2.4M | 824,700 | 204,500 | -- | -- | 44,000 | 30,200 | 105,000 | 6,000 | 77,700 |
| Investment Income | -1.1M | -1.4M | -3.9M | 72,600 | -- | -- | 31,800 | -- | -34,800 | 8,500 | -- | -- | -- |
| Fair Value Change Income | -80,900 | 115,800 | 976,200 | 2.6M | 370,900 | -- | -- | -- | -3,500 | 3,500 | -- | -- | -- |
| Asset Disposal Income | -- | 12,700 | 37,600 | 135,500 | -- | 25,300 | -14,300 | -- | 13,500 | -- | -- | -- | -- |
| Asset Impairment Loss | 6.8M | 4.5M | 9.7M | 3.2M | 2.8M | 498,300 | 3.4M | 3.2M | 2.7M | 697,600 | 680,500 | 1.2M | 1.0M |
| Other Income | 15.0M | 13.8M | 8.6M | 5.0M | 7.6M | 4.9M | 3.8M | 1.8M | -- | -- | -- | -- | -- |
| Income Before Tax | 84.3M | 41.0M | 911,600 | 45.3M | 72.0M | 65.6M | 55.1M | 46.8M | 35.7M | 18.0M | 35.0M | 45.8M | 51.3M |
| Income Tax | 3.6M | -570,900 | -7.8M | 115,600 | 7.3M | 6.3M | 5.7M | 5.6M | 4.0M | 1.4M | 4.1M | 5.5M | 6.3M |
| Net Income | 80.6M | 41.6M | 8.7M | 45.2M | 64.7M | 59.3M | 49.4M | 41.3M | 31.7M | 16.5M | 30.9M | 40.3M | 45.0M |
| Net Margin % | 4.2% | 2.9% | 0.7% | 3.7% | 7.5% | 7.7% | 7.4% | 6.6% | 6.7% | 4.4% | 6.3% | 7.1% | 7.1% |
| Net Income Attributable | 80.6M | 41.6M | 8.7M | 45.2M | 64.7M | 59.3M | 49.4M | 41.3M | 31.7M | 16.5M | 30.9M | 40.3M | 45.0M |
| Eps Basic | 0.94 | 0.48 | 0.10 | 0.51 | 0.88 | 0.90 | 0.75 | 0.67 | 0.53 | 0.28 | 0.51 | 0.67 | 0.75 |
| Eps Diluted | 0.94 | 0.48 | 0.10 | 0.51 | 0.88 | 0.90 | 0.75 | 0.67 | 0.53 | 0.28 | 0.51 | 0.60 | 0.75 |
| 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 | 195.0M | 201.0M | 131.0M | 102.0M | 112.0M | 107.0M | 91.8M | 87.3M | 47.8M | 22.2M | 18.0M | 84.0M | 78.9M |
| Trading Financial Assets | -- | 7,500 | 40.3M | 64.4M | 112.0M | -- | -- | -- | -- | 29,300 | -- | -- | -- |
| Accounts Receivable | 430.0M | 335.0M | 332.0M | 295.0M | 248.0M | 156.0M | 141.0M | 110.0M | 99.9M | 80.6M | 82.6M | 68.6M | 52.1M |
| Notes Receivable | 296.0M | 287.0M | 254.0M | 312.0M | 176.0M | 141.0M | 186.0M | 168.0M | 113.0M | 84.2M | 44.2M | 34.6M | 29.7M |
| Notes And Accounts Receivable | 726.0M | 622.0M | 586.0M | 607.0M | 425.0M | 296.0M | 326.0M | 278.0M | 213.0M | 165.0M | 127.0M | 103.0M | 81.8M |
| Prepayments | 74.9M | 58.0M | 39.0M | 48.5M | 36.6M | 2.3M | 3.9M | 2.1M | 2.2M | 11.3M | 40.0M | 19.2M | 7.8M |
| Inventory | 741.0M | 531.0M | 412.0M | 364.0M | 257.0M | 154.0M | 143.0M | 116.0M | 124.0M | 105.0M | 113.0M | 96.4M | 96.5M |
| Total Current Assets | 1.8B | 1.5B | 1.3B | 1.2B | 992.0M | 601.0M | 568.0M | 484.0M | 388.0M | 304.0M | 299.0M | 306.0M | 268.0M |
| Long Term Equity Investment | 4.4M | 4.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 353.0M | 182.0M | 162.0M | 151.0M | 150.0M | 138.0M | 136.0M | -- | 133.0M | 39.0M | 40.7M | 37.1M |
| Fixed Assets Total | 355.0M | 353.0M | 182.0M | 162.0M | 151.0M | 150.0M | 138.0M | 136.0M | 139.0M | 133.0M | 39.0M | 40.7M | 37.1M |
| Construction In Progress | -- | 35.7M | 150.0M | 69.6M | 3.9M | 2.1M | 6.0M | 2.3M | -- | 1.7M | 61.5M | 24.5M | 2.4M |
| Construction In Progress Total | 93.3M | 35.7M | 150.0M | 69.6M | 3.9M | 2.1M | 6.0M | 2.3M | 1.2M | 1.7M | 61.5M | 24.5M | 2.4M |
| Intangible Assets | 68.3M | 50.3M | 45.0M | 44.4M | 45.5M | 14.5M | 14.8M | 15.0M | 15.0M | 15.2M | 15.6M | 16.2M | 16.5M |
| Long Term Deferred Expenses | -- | -- | -- | 9,800 | 16,700 | -- | -- | -- | 50,200 | 108,200 | 166,200 | 224,200 | 282,200 |
| Total Non Current Assets | 545.0M | 479.0M | 408.0M | 287.0M | 219.0M | 202.0M | 164.0M | 157.0M | 158.0M | 155.0M | 122.0M | 83.3M | 57.3M |
| Total Assets | 2.4B | 1.9B | 1.7B | 1.5B | 1.2B | 802.0M | 731.0M | 641.0M | 546.0M | 459.0M | 421.0M | 390.0M | 326.0M |
| Short Term Borrowings | 621.0M | 380.0M | 385.0M | 339.0M | 201.0M | 192.0M | 176.0M | 177.0M | 179.0M | 132.0M | 114.0M | 96.7M | 96.6M |
| Accounts Payable | 80.2M | 57.6M | 48.7M | 55.0M | 29.0M | 18.6M | 21.3M | 15.1M | 16.7M | 12.7M | 8.9M | 6.9M | 10.6M |
| Advance Receipts | -- | -- | -- | -- | -- | 336,300 | 893,000 | 814,400 | 348,500 | 196,900 | 186,800 | 139,700 | 55,900 |
| Contract Liabilities | 4.2M | 3.3M | 1.1M | 1.6M | 2.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.3B | 769.0M | 663.0M | 550.0M | 302.0M | 278.0M | 266.0M | 211.0M | 206.0M | 147.0M | 125.0M | 124.0M | 112.0M |
| Long Term Borrowings | 83.6M | 229.0M | 113.0M | 49.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 99.8M | 244.0M | 128.0M | 66.4M | 17.0M | 16.8M | 17.4M | 12.0M | 10.0M | 10.6M | 11.0M | 11.0M | -- |
| Total Liabilities | 1.4B | 1.0B | 791.0M | 617.0M | 319.0M | 295.0M | 284.0M | 222.0M | 216.0M | 158.0M | 136.0M | 135.0M | 112.0M |
| Paid In Capital | 90.1M | 89.4M | 88.7M | 88.0M | 88.0M | 66.0M | 66.0M | 66.0M | 60.1M | 60.1M | 60.1M | 54.6M | 54.6M |
| Capital Reserve | 437.0M | 437.0M | 425.0M | 406.0M | 405.0M | 108.0M | 108.0M | 108.0M | 66.8M | 66.8M | 66.8M | 72.2M | 72.2M |
| Surplus Reserve | 45.0M | 44.7M | 44.4M | 44.0M | 39.4M | 33.0M | 29.3M | 24.3M | 20.2M | 17.4M | 15.7M | 12.6M | 8.6M |
| Retained Earnings | 482.0M | 415.0M | 374.0M | 379.0M | 358.0M | 300.0M | 245.0M | 220.0M | 183.0M | 158.0M | 143.0M | 115.0M | 78.6M |
| Equity Attributable | 996.0M | 936.0M | 897.0M | 917.0M | 891.0M | 507.0M | 448.0M | 418.0M | 330.0M | 302.0M | 285.0M | 254.0M | 214.0M |
| Total Equity | 996.0M | 936.0M | 897.0M | 917.0M | 891.0M | 507.0M | 448.0M | 418.0M | 330.0M | 302.0M | 285.0M | 254.0M | 214.0M |
| 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 | 1.3B | 1.0B | 788.0M | 826.0M | 686.0M | 593.0M | 504.0M | 549.0M | 419.0M | 388.0M | 516.0M | 645.0M | 709.0M |
| Tax Refunds Received | 8.9M | 25.8M | 29.2M | 1.4M | 1.0M | 460,600 | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 1.4B | 1.1B | 826.0M | 835.0M | 697.0M | 598.0M | 514.0M | 554.0M | 424.0M | 391.0M | 519.0M | 655.0M | 714.0M |
| Cash Paid For Goods | 1.4B | 1.1B | 1.0B | 1.2B | 938.0M | 633.0M | 608.0M | 552.0M | 432.0M | 290.0M | 485.0M | 554.0M | 628.0M |
| Cash Paid To Employees | 93.6M | 83.6M | 75.8M | 66.6M | 50.9M | 47.9M | 39.1M | 34.1M | 31.1M | 30.1M | 29.7M | 25.5M | 21.7M |
| Taxes Paid | 6.1M | 3.2M | 9.7M | 22.0M | 8.6M | 22.6M | 27.9M | 29.8M | 17.4M | 12.9M | 17.8M | 20.7M | 19.9M |
| Total Operating Cash Outflow | 1.6B | 1.3B | 1.2B | 1.3B | 1.0B | 748.0M | 703.0M | 641.0M | 502.0M | 352.0M | 560.0M | 624.0M | 698.0M |
| Operating Cash Flow | -255.0M | -204.0M | -337.0M | -486.0M | -335.0M | -150.0M | -188.0M | -87.2M | -77.4M | 39.0M | -40.4M | 30.3M | 15.7M |
| Total Investing Cash Inflow | 11.1M | 167.0M | 450.0M | 507.0M | 259,800 | 106,900 | 10.1M | -- | 39,200 | 15,000 | 78,000 | 11.0M | 38,000 |
| Total Investing Cash Outflow | 78.0M | 109.0M | 529.0M | 525.0M | 122.0M | 49.9M | 19.0M | 4.7M | 11.5M | 39.0M | 25.8M | 20.1M | 17.1M |
| Investing Cash Flow | -66.9M | 58.3M | -78.9M | -17.9M | -122.0M | -49.8M | -8.9M | -4.7M | -11.4M | -39.0M | -25.7M | -9.0M | -17.1M |
| Cash From Borrowings | 755.0M | 762.0M | 861.0M | 680.0M | 460.0M | 265.0M | 229.0M | 190.0M | 238.0M | 267.0M | 329.0M | 313.0M | 335.0M |
| Dividends And Interest Paid | 40.1M | 23.4M | 30.8M | 31.3M | 10.0M | 8.4M | 27.9M | 8.6M | 8.0M | 12.8M | 16.8M | 16.3M | 17.7M |
| Debt Repayments | 534.0M | 641.0M | 707.0M | 516.0M | 454.0M | 244.0M | 215.0M | 207.0M | 208.0M | 249.0M | 313.0M | 313.0M | 383.0M |
| Total Financing Cash Inflow | 1.1B | 1.1B | 1.3B | 1.0B | 942.0M | 471.0M | 445.0M | 348.0M | 331.0M | 277.0M | 336.0M | 317.0M | 345.0M |
| Total Financing Cash Outflow | 809.0M | 853.0M | 839.0M | 552.0M | 480.0M | 254.0M | 244.0M | 215.0M | 218.0M | 272.0M | 330.0M | 335.0M | 404.0M |
| Financing Cash Flow | 318.0M | 217.0M | 434.0M | 494.0M | 462.0M | 216.0M | 201.0M | 132.0M | 113.0M | 4.9M | 5.8M | -18.7M | -59.4M |
| Net Change In Cash | -4.5M | 71.7M | 18.7M | -10.8M | 4.5M | 16.5M | 3.5M | 40.4M | 24.6M | 4.8M | -60.3M | 2.6M | -60.8M |
| Ending Cash Balance | 187.0M | 191.0M | 120.0M | 101.0M | 112.0M | 107.0M | 90.8M | 87.3M | 46.8M | 22.2M | 17.4M | 77.8M | 75.2M |
| Capex | 60.1M | 42.3M | 102.0M | 68.2M | 10.1M | 46.8M | 9.0M | 4.7M | 11.4M | 39.0M | 25.8M | 20.1M | 17.1M |