b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.ConsolidatedStatementofProfitorLossFOR THE YEAR ENDED DECEMBER 31, 2019(X US$ 1,000) Notes 2019 2018Revenue3.1499,726 505,773 Cost of sales(276,865)(252,285)Grossprofit222,861 253,488 Other income/(expense) (net) 3.25,112 (8,926)Expensed projects(2,085)(819)Exploration expenses 3.2(4,658)(18,118)Selling and distribution expenses 3.2(15,036)(18,954)Other operating expenses 3.2(3,113)(6,825)General and administrative expenses 3.2(33,618)(30,374)Operatingprofit169,463 169,472 Finance income 3.2595 777 Finance costs 3.2(63,990)(87,813)Share of profit of Suriname Gold Project JV 4.474,431 66,268 Profitbeforeincometax180,499 148,704 Income tax expense 3.3(60,428)(48,397)Profitfortheyear120,071 100,307 Attributable to:Equity holders of the parent120,071 100,307120,071 100,307 Basic earnings per ordinary share (US$ per share) 3.4 24.01 20.0632 STAATSOLIE 2019 ANNUAL REPORT'