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v3.25.1

Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Profit or loss [abstract] |  |  |
Revenue | $ 1,634,393 | $ 1,591,601 | $ 1,364,146
Cost of goods sold | (1,217,738) | (1,228,112) | (1,142,880)
Gross profit | 416,655 | 363,489 | 221,266
Selling expense | (33,623) | (31,009) | (29,938)
General and administrative expense | (128,930) | (99,909) | (87,513)
Net impairment losses on financial assets | (398) | (1,224) | (3,711)
Fair value loss on sale of accounts receivable, net | (4,620) | (6,113) | (3,041)
Other operating income/(loss), net | 2,304 | 402 | (21)
Operating income | 251,388 | 225,636 | 97,042
Finance cost, net | (26,175) | (22,244) | (19,078)
Income from associate | 0 | 0 | 272
Foreign exchange gain/(loss), net | 20,846 | (11,981) | 19,990
Derivative financial instrument (loss)/gain, net | (22,441) | 10,967 | (18,534)
Income before income taxes | 223,618 | 202,378 | 79,692
Income tax expense | (57,544) | (47,134) | (16,971)
Net income | $ 166,074 | $ 155,244 | $ 62,721
Earnings per share of common stock: |  |  |
Basic earnings per share (in usd per share) | $ 0.95 | $ 0.89 | $ 0.36
Diluted earnings per share (in usd per share) | $ 0.95 | $ 0.89 | $ 0.36
Weighted average number of common stock - basic (in shares) | 175,362,465 | 175,362,465 | 175,362,465
Weighted average number of common stock - diluted (in shares) | 175,362,465 | 175,362,465 | 175,362,465

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