b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.Consolidated Statement of Profit or LossFOR THE YEAR ENDED DECEMBER 31, 2018(X US$ 1,000) Notes 2018 2017Revenue3.1505,773 433,678 Cost of sales(252,285)(247,229)Gross profit253,488 186,449 Other expense (net) 3.2(8,926)(23,637)Expensed projects(819)(3,205)Exploration expenses 3.2(18,118)(3,192)Selling and distribution expenses 3.2(18,954)(19,925)Other operating expenses 3.2(6,825)(12,019)General and administrative expenses 3.2(30,374)(27,167)Operating profit169,472 97,304 Finance income 3.2777 1,126 Finance costs 3.2(87,813)(67,885)ShareofprofitofSurinameGoldProjectJV 4.466,268 63,725 Profit before income tax148,704 94,270 Income tax expense 3.3(48,397)(33,119)Profit for the year100,307 61,151 Attributable to:Equity holders of the parent100,30761,151 100,30761,151Basic and diluted earnings per ordinary share 3.4 20.06 12.23(US$ per share)26 STAATSOLIE 2018 ANNUAL REPORT'