Wah Seong Corporation Berhad Annual Report 2017

FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 77 STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 Group Company Note 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Gross revenue 30 2,492,100 1,276,588 25,394 31,292 Cost of sales 31 (2,182,428) (1,118,370) - - Gross profit 309,672 158,218 25,394 31,292 Other operating income 169,021 103,838 18,456 27,448 Selling and distribution expenses (28,012) (31,492) - - Administrative and general expenses (290,706) (381,473) (13,406) (47,945) Other (losses)/gains - net 32 (487) 995 - - Profit/(Loss) from operations 33 159,488 (149,914) 30,444 10,795 Finance costs 34 (41,897) (29,907) (7,427) (3,575) Share of results of associates (4,863) (53,855) - - Share of results of joint ventures 9,877 7,812 - - Profit/(Loss) before tax 122,605 (225,864) 23,017 7,220 Tax expense 35 (7,962) (8,690) (2,101) (660) Net profit/(loss) for the financial year 114,643 (234,554) 20,916 6,560 Net profit/(loss) for the financial year attributable to: Owners of the Company 113,021 (228,302) 20,916 6,560 Non-controlling interests 1,622 (6,252) - - Net profit/(loss) for the financial year 114,643 (234,554) 20,916 6,560 Earnings/(Loss) per share computed based on the net profit/(loss) for the financial year attributable to the owners of the Company: - basic and diluted (sen) 36 14.63 (29.54)