145 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD Group Company Note 2024 2023 2024 2023 RM ‘000 RM ‘000 RM ‘000 RM ‘000 Revenue 22 327,775 325,431 15,080 28,200 Cost of sales (193,820) (182,502) - - Gross profit 133,955 142,929 15,080 28,200 Other income 23 3,454 3,071 1,134 359 Allowance of expected credit losses on receivables 10 (19) - - - Administrative and other expenses (113,505) (105,883) (9,851) (13,174) Selling and distribution expenses (8,104) (7,498) - - Operating profit 15,781 32,619 6,363 15,385 Finance income 24 1,101 933 1,947 1,436 Finance cost 24 (7,444) (6,292) - (55) Profit before tax 25 9,438 27,260 8,310 16,766 Tax (expense)/income 26 (4,623) (9,886) 41 (499) Profit for the financial year 4,815 17,374 8,351 16,267 Equity attributable to equity shareholders Other comprehensive income:- Items that will be reclassified subsequently to profit or loss Foreign currency translation (7,017) 1,938 - - Other comprehensive (loss)/income for the financial year, net of tax (7,017) 1,938 - - Total comprehensive (loss)/income for the financial year (2,202) 19,312 8,351 16,267 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 The accompanying notes form an integral part of the financial statements.
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