Financial Performance

Summary Income Statement*

For the year ended 31 December (USD)
2014 2015 2016
Revenue 75,171,646 101,039,406 134,116,116
Cost of revenue -39,026,421 -52,288,640 -63,273,396
Gross profit 36,145,225 48,750,766 70,842,720
General and administrative expenses -10,213,502 -16,768,198 -15,056,195
Provision for impairment of trade receivables -300,000 -1,666,026 -2,362,197
Impairment of assets under construction - - -765,291
Provisions - -1,500,000 -2,027,004
Operating profit 25,631,723 28,816,542 50,632,033
Finance costs -2,403,053 -4,413,724 -9,428,294
Loss on disposal of property and equipment - - -7,537
Other income - - 100,794
Dividends income - 1,225,000 -
Profit for the year before income tax 23,228,670 25,627,818 41,296,996
Income tax expense - - -3,284,273
Profit for the year 23,228,670 25,627,818 38,012,723
Other comprehensive income
Other comprehensive income to be reclassified - - -
to profit or loss in subsequent periods
Other comprehensive income not to be reclassified - - -
to profit or loss in subsequent periods
Total comprehensive income 23,228,670 25,627,818 38,012,723
Earnings per share – basic and diluted (USD per share) 1.04 0.8 1.19

*The Financial Information represented of the Group is a continuation of the existing business and reflects the carrying values of the Subsidiary as if the Subsidiary had always been consolidated from the earliest period presented even though the Company was not in existence before 22 May 2016. Any difference between the consideration paid and nominal value of the share capital of the Subsidiary is recorded as a merger reserve.