Note 2024 2023 $’000 $’000 Revenue 18 115,919 200,928 Cost of sales (56,334) (121,761) Gross profit 59,585 79,167 Other income 19 96,446 143,842 Administrative expenses (32,576) (40,906) Other operating expenses (3,708) – Results from operating activities 119,747 182,103 Finance income 7,526 10,460 Finance costs (183,116) (181,669) Net finance costs 20 (175,590) (171,209) Share of results of associates and joint ventures, net of tax 67,312 68,665 Profit before tax 11,469 79,559 Tax credit/(expense) 21 9,035 (11,928) Profit for the year 22 20,504 67,631 Profit for the year attributable to: Owners of the Company 10,794 29,085 Non-controlling interests 17 9,710 38,546 20,504 67,631 Consolidated Statement of Profit or Loss Year ended 31 December 2024 The accompanying notes form an integral part of these financial statements. 160 PERENNIAL HOLDINGS PRIVATE LIMITED
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