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For the year ended 31 December
Note(s)
2024
RO ’000
2023
RO ’000
Continuing operations
Revenue 19.1 3,030,083 2,942,717
Cost of sales 20.1 (1,049,849) (1,016,298)
Gross profit 1,980,234 1,926,419
Operating and administrative expenses 20.2 (884,048) (839,531)
Allowance for expected credit loss on financial assets (68,201) (47,070)
Depreciation, amortization and impairment 10, 11, 12 (582,748) (565,948)
Operating profit 445,237 473,870
Liability no longer required written back 17.1 13,213
Voluntary end of service (3,041)
Interest income 12,037 19,869
Investment income 21 11,373 15,627
Share of results of associates and joint venture 9 7,546 4,373
Other income/(expense) 2,758 (42,062)
Gain on business combination 8.2 29,345
Gain on sale and lease back transactions 8.1 1,659 70,084
Gain on disposal of a subsidiary 686
Finance costs 22 (200,041) (199,906)
Gain from currency revaluation 14,449 7,636
Net monetary gain 2,014
Profit before tax from continuing operations 336,549 350,177
Income tax expenses 23 (30,642) (34,693)
Profit for the year from continuing operations 305,907 315,484
Discontinued operations
Profit for the year after tax from discontinued operations 8 892
Profit for the year 306,799 315,484
Attributable to:
Shareholders of the Company 78,052 74,792
Non-controlling interests 228,747 240,692
306,799 315,484
Earnings per share (EPS)
Basic and diluted – RO 24
From continuing operations 0.104 0.100

The accompanying notes are an integral part of these consolidated financial statements.

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