w88 sports betting

Year ended 31 December w88
(Note)
2022
(Note)
2021
(Note)
2020
(Note)
2019
(Note)
HK$'000 HK$'000 HK$'000 HK$'000 HK$'000
Revenue 14,697,489 19,363,495 w8821,947,637 16,887,244 15,883,042
Cost of sales (8,923,861) (11,397,547) (13,040,030) (11,405,553) (10,359,167)
Gross profit 5,773,628 7,965,948 8,907,607 5,481,691 5,523,875
Other income 183,001 122,528 133,384 118,140 93,359
Selling and distribution expenses (1,606,563) (1,705,253) (1,802,229) (1,572,062) (1,590,273)
General and administrative expenses (1,014,868) (997,654) (1,009,395) (977,990) (960,933)
Research and development expenses (2,047,802) (2,026,478) (1,954,394) (1,639,235) w88 online casino(1,710,858)
Gain on deemed disposal of subsidiaries* - - - 859,042 -
Other gains and losses (29,767) 86,546 (43,006) (69,849) (54,774)
Other expenses (94,976) (76,048) (158,805) (173,176) (109,540)
Finance costs (137,888) (119,936) (118,422) (170,009) (215,122)
Share of result of a joint venture* 11,246 163,338 137,719 - -
Profit before taxation 1,036,011 3,412,991 4,092,459 1,856,552 975,734
Income tax expense (324,510) (794,924) (917,279) (226,049) (353,356)
Profit for the year 711,501 2,618,067 3,175,180 1,630,503 w88622,378
Profit for the year attributable to:
Owners of the Company 715,353 2,620,251 3,168,976 1,621,516 619,249
Non-controlling interests (3,852) (2,184) 6,204 8,987 3,129
Earnings per share
Basic HK$1.73 HK$6.36 HK$7.72 HK$3.97 HK$1.52
Diluted HK$1.73 HK$6.33 HK$7.69 HK$3.95 HK$1.52

* The Group discontinued its materials business after the deemed disposal of the subsidiaries of Materials business on 28 December 2020.
The Group’s former Materials Segment results are deconsolidated and equity accounted for w88 online casinosince 29 December 2020.

Note: The Group discontinued its materials business after the deemed disposal of the subsidiaries of Materials business on 28 December 2020.
No separate disclosures of continuing operations and discontinued operation were made.

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