Wah Seong Corporation Berhad Annual Report 2019

85 ANNUAL REPORT 2019 Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Gross revenue 30 2,514,916 2,961,131 20,939 18,634 Cost of sales 31 (2,206,858) (2,625,280) - - Gross profit 308,058 335,851 20,939 18,634 Other operating income 36,528 57,952 2,001 3,760 Selling and distribution expenses (32,389) (27,314) - - Administrative and general expenses (247,316) (202,215) (14,411) (15,368) Other (losses)/gains - net 32 (896) 44 - - Profit from operations 33 63,985 164,318 8,529 7,026 Finance costs 34 (54,652) (38,940) (9,070) (6,489) Share of results of associates 27,156 1,170 - - Share of results of joint ventures (30,927) (19,460) - - Profit before tax 5,562 107,088 (541) 537 Tax credit/(expense) 35 8,005 (47,226) (2,245) (849) Net profit/(loss) for the financial year 13,567 59,862 (2,786) (312) Net profit/(loss) for the financial year attributable to: Owners of the Company 24,136 64,797 (2,786) (312) Non-controlling interests (10,569) (4,935) - - Net profit/(loss) for the financial year 13,567 59,862 (2,786) (312) Earnings per share computed based on the net profit for the financial year attributable to the owners of the Company: - basic and diluted (sen) 36 3.13 8.39 STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019