Press Metal Aluminium Holdings Berhad SECTION 6 • FINANCIAL STATEMENTS 240 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the year ended 31 December 2024 Note Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Revenue 19 14,909,528 13,804,707 737,823 772,948 Cost of sales (12,079,494) (11,510,066) - - Gross profit 2,830,034 2,294,641 737,823 772,948 Other income 164,385 65,028 9,624 5,339 Distribution expenses (391,709) (314,698) - - Administrative expenses (334,223) (286,450) (80,401) (58,184) Net loss on impairment of financial instruments and contract assets (485) (7,407) - - Other expenses (369,134) (93,943) (9,168) (33,379) Results from operating activities 1,898,868 1,657,171 657,878 686,724 Finance income 20 63,184 23,797 111,005 107,409 Finance costs 21 (217,937) (242,475) (149,868) (165,801) Net finance costs (154,753) (218,678) (38,863) (58,392) Share of profit of equity-accounted associates, net of tax 559,278 207,356 - - Profit before tax 22 2,303,393 1,645,849 619,015 628,332 Tax expense 23 (178,683) (127,857) (1,787) (3,001) Profit for the year 2,124,710 1,517,992 617,228 625,331 Other comprehensive income/(expense), net of tax Items that are or may be reclassified subsequently to profit or loss Cash flow hedge 662,457 (450,275) 58,099 (64,079) Foreign currency translation differences for foreign operations (88,177) 33,927 - - Share of other comprehensive income of equity-accounted associates (129,328) 12,112 - - Other comprehensive income/(expense) for the year, net of tax 24 444,952 (404,236) 58,099 (64,079) Total comprehensive income for the year 2,569,662 1,113,756 675,327 561,252 Profit attributable to: Owners of the Company 1,765,700 1,215,268 617,228 625,331 Non-controlling interests 359,010 302,724 - - Profit for the year 2,124,710 1,517,992 617,228 625,331 Total comprehensive income attributable to: Owners of the Company 2,117,139 878,385 675,327 561,252 Non-controlling interests 452,523 235,371 - - Total comprehensive income for the year 2,569,662 1,113,756 675,327 561,252 Basic earnings per ordinary share (sen) 25 21.43 14.75 The notes on pages 250 to 333 are an integral part of these financial statements.
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