CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the year ended 31st December 2023 2023 2022 Note HK$M HK$M Revenue 4 14,670 13,826 Cost of sales 5 (4,284) (4,303) Gross profit 10,386 9,523 Administrative and selling expenses (2,058) (1,713) Other operating expenses (205) (186) Other net (losses)/gains 6 (114) 79 Gains on disposal of subsidiary companies – 520 Change in fair value of investment properties (2,829) 801 Operating profit 5,180 9,024 Finance charges (738) (359) Finance income 218 172 Net finance charges 10 (520) (187) Share of profit less losses of joint venture companies 124 1,443 Share of profit less losses of associated companies (416) 12 Profit before taxation 4,368 10,292 Taxation 11 (1,617) (2,065) Profit for the year 2,751 8,227 Profit for the year attributable to: The Company’s shareholders 34 2,637 7,980 Non-controlling interests 36 114 247 2,751 8,227 HK$ HK$ Earnings per share from profit attributable to the Company’s shareholders (basic and diluted) 14 0.45 1.36 The above consolidated statement of profit or loss should be read in conjunction with the accompanying notes. 142