Group Company Note 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Gross revenue 29 2,686,518 1,429,311 30,208 24,377 Cost of sales 30 (2,274,941) (1,260,718) - - Gross profit 411,577 168,593 30,208 24,377 Other operating income 59,580 63,012 2,006 1,136 Selling and distribution expenses (42,289) (33,642) - - Administrative and general expenses (199,430) (153,273) (16,570) (13,990) Impairment of non-financial assets - (7,788) (4,656) (8,124) Impairment of financial assets (28,420) (7,291) (2,517) (237) Other losses - net 31 (2,144) (2,597) - - Profit from operations 32 198,874 27,014 8,471 3,162 Finance costs 33 (45,377) (36,148) (4,097) (4,470) Share of results of associates (11,614) (49,027) - - Share of results of joint ventures (11,336) (24,669) - - Impairment of investment in associates 10 (39,537) (14,511) - - Impairment of investment in joint ventures 11 (8,989) (3,000) - - Profit/(loss) before tax 82,021 (100,341) 4,374 (1,308) Tax (expense)/credit 34 (38,891) (11,608) (126) 524 Net profit/(loss) for the financial year 43,130 (111,949) 4,248 (784) Net (loss)/profit for the financial year attributable to: Owners of the Company (6,300) (107,484) 4,248 (784) Non-controlling interests 49,430 (4,465) - - Net profit/(loss) for the financial year 43,130 (111,949) 4,248 (784) Loss per share computed based on the net loss for the financial year attributable to the owners of the Company: - basic and diluted (sen) 35 (0.81) (13.88) STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Wah Seong Corporation Berhad Annual Report 2022 102
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