Financial Highlights (in USD)

Summary of Consolidated Statements of Comprehensive Income

2017

2016

2015

Revenues 

325,599,861

217,121,593

249,328,849

Gross Profit 

111,886,648

67,988,401

45,840,128

Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) 

84,410,985

44,563,348

12,389,585

Profit (Loss) Before Tax

73,030,968

29,391,728

-17,690,193

Net Profit (Loss)

55,748,001

17,979,743

-18,996,829

Attributable to 

 

 

 

  Owners of the Company 

45,278,605

13,349,751

-19,245,125

  Noncontrolling Interests 

10,469,396

4,629,992

248,296

Total Comprehensive Income (Loss)

54,979,076

17,860,380

12,272,743

Attributable to 

 

 

 

   Owners of the Company 

44,431,120

13,272,300

-12,449,245

   Noncontrolling Interests 

10,547,956

4,588,080

176,502

Earnings Per Share 

 

 

 

   Basic 

0.017387

0.005016

-0.00714

   Diluted 

0.017387

0.005016

-0.00714

 

 

 

 

Summary of Consolidated Statements of Financial Position

2017

2016

2015

Current Assets 

314,799,790

268,174,019

225,450,032

Noncurrent Assets 

144,643,281

145,191,834

155,203,973

Total Assets 

459,443,071

413,365,853

380,654,005

Current Liabilities 

57,754,920

52,932,232

32,609,650

Noncurrent Liabilities 

5,827,429

5,003,300

4,614,692

Total Liabilities 

63,582,349

57,935,532

37,224,342

Non-controlling Interest 

80,563,920

73,330,516

71,379,326

Equity Attributable to Owners of the Company 

315,296,802

282,099,803

272,050,337

Total Equity 

395,860,722

355,430,319

343,429,663

 

 

 

 

Ratio Analysis

2017

2016

2015

Operating Ratio 

 

 

 

Gross Profit Margin 

34.40%

31.30%

18.40%

EBITDA Margin 

25.90%

20.50%

5.00%

Income Before Tax Margin 

22.40%

13.50%

-7.10%

Net Income Attributable to Owners of the Company Margin  

13.90%

6.10%

-7.70%

Net Income Attributable to Owners of the Company 

 

 

 

 - on Total Assets 

9.90%

3.20%

-5.10%

 - on Equity Attributable to Owners of the Company 

14.40%

4.70%

-7.10%

Financial Ratio 

 

 

 

Current Ratio 

5.5

5.1

6.9

Total Liabilities to Total Assets Ratio 

0.1

0.1

0.1

Total Liabilities to Total Equity Attributable to Owners of the Company Ratio 

0.2

0.2

0.1

Net Debt/(Net Cash) to EBITDA Ratio 

-3.2

-5.18

-15.8

 

Notes:

The Consolidated Financial Statements' Highlight for 2016 and 2015 are restated after the remeasurement and restatement, due to the adoption of PSAK 24 regarding employee benefit and PSAK 46 regarding income tax.