181 INTEGRATED ANNUAL REPORT 2024 Overview of Wasco Berhad Key Messages Value Creation Commitment to Governance Sustainability Journey Financial Statements Other Information STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 Group Company Note 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Gross revenue 27 3,184,522 2,605,688 224,225 26,598 Cost of sales 28 (2,632,306) (2,159,848) - - Gross profit 552,216 445,840 224,225 26,598 Other operating income 30 105,502 64,549 12,749 3,206 Selling and distribution expenses (32,341) (26,876) - - Administrative and general expenses 30 (292,130) (215,744) (6,509) (7,490) Loss of impairment on non-financial assets (25,215) (1,866) (35,054) (3,789) (Loss)/Reversal of impairment on financial assets (52,367) 7,926 (4) 2,442 Other losses - net 29 (9,976) (1,374) - - Profit from operations 30 245,689 272,455 195,407 20,967 Finance costs 31 (52,635) (58,737) (1,991) (3,812) Share of results of associates 19,355 16,307 - - Share of results of joint ventures 8,650 (11,769) - - Profit before tax 221,059 218,256 193,416 17,155 Tax expense 32 (54,739) (68,133) (1,670) (4,665) Profit from continuing operations 166,320 150,123 191,746 12,490 (Loss)/Profit from discontinued operation (1,820) 4,705 - - Net profit for the financial year 164,500 154,828 191,746 12,490 Net profit for the financial year attributable to: Owners of the Company 153,045 108,402 191,746 12,490 Non-controlling interests 11,455 46,426 - - Net profit for the financial year 164,500 154,828 191,746 12,490 Earnings per share for net profit attributable to the owners of the Company: - basic and diluted (sen) 33 19.77 14.00
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