Group Company Note 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 (Re-presented) Gross revenue 28 2,605,688 2,366,081 26,598 30,208 Cost of sales 29 (2,159,848) (1,977,103) - - Gross profit 445,840 388,978 26,598 30,208 Other operating income 64,549 52,565 3,206 2,006 Selling and distribution expenses (26,876) (36,684) - - Administrative and general expenses (215,744) (184,572) (7,490) (16,570) Loss of impairment on non-financial assets (1,866) - (3,789) (4,656) Reversal/(Loss) of impairment on financial assets 7,926 (28,211) 2,442 (2,517) Other losses - net 30 (1,374) (2,422) - - Profit from operations 31 272,455 189,654 20,967 8,471 Finance costs 32 (58,737) (43,295) (3,812) (4,097) Share of results of associates 16,307 (11,614) - - Share of results of joint ventures (11,769) (11,336) - - Impairment of investment in associates 10 - (39,537) - - Impairment of investment in joint ventures 11 - (8,989) - - Profit before tax 218,256 74,883 17,155 4,374 Tax expense 33 (68,133) (38,924) (4,665) (126) Profit from continuing operations 150,123 35,959 12,490 4,248 Profit from discontinued operation 22 4,705 7,171 - - Net profit for the financial year 154,828 43,130 12,490 4,248 Net profit/(loss) for the financial year attributable to: Owners of the Company 108,402 (6,300) 12,490 4,248 Non-controlling interests 46,426 49,430 - - Net profit for the financial year 154,828 43,130 12,490 4,248 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) 34 14.00 (0.81) Statements of Profit or Loss FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 161 Wasco Berhad
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