Annual Report 2024

190 2024 Annual Report Transport International Holdings Limited CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the year ended 31 December 2024 (Expressed in Hong Kong dollars) 2024 2023 Note $’000 $’000 Revenue 3 & 12 8,215,353 7,884,753 Other net income 4 112,399 68,106 Staff costs 5(a) (4,430,971) (4,144,457) Depreciation (1,196,260) (1,132,687) Fuel and oil (966,132) (1,054,009) Spare parts (227,168) (228,108) Toll charges (210,999) (255,674) Other operating expenses (884,566) (923,372) Profit from operations 411,656 214,552 Change in fair value of investment properties and investment property under development 14(a) (78,200) 287,380 Finance costs 5(b) (98,343) (110,064) Share of profits of associates 637 31,138 Share of profit of joint venture 8,552 8,110 Profit before taxation 5 244,302 431,116 Income tax expense 6(a) (57,020) (29,453) Profit for the year 187,282 401,663 Earnings per share based on profit attributable to equity shareholders (reported earnings per share) Basic and diluted 10(a) $0.37 $0.83 Earnings per share excluding the effect of change in fair value of investment properties and investment property under development (underlying earnings per share) Basic and diluted 10(b) $0.53 $0.24 The notes on pages 198 to 266 form part of these consolidated financial statements. Details of dividends paid and payable to equity shareholders of the Company attributable to the profit for the year are set out in note 11.