This form shall not be deemed to be complete unless the documents mentioned above are provided
%
Change (%)
Six Month Comparative
Six Month Current Period
Statement
Period
2022-06-30
2023-06-30
(43%)
(653,730)
(372,841)
Net Profit (Loss) represents the amount
attributable to the owners of the parent
Company
(43%)
(3.57)
(2.03)
Basic & Diluted Earnings per Share
(57%)
109,627,866
46,867,554
Current Assets
(9%)
210,586,181
191,275,322
Total Assets
(22%)
124,113,105
96,938,652
Current Liabilities
(16%)
184,249,090
154,088,450
Total Liabilities
3%
4,814,447
4,981,820
Total Equity attributable to the owners of
the Parent Company
(4%)
10,438,044
9,992,596
Total Operating Revenue
(227%)
160,959
(203,725)
Net Operating Profit (Loss)
N/A
(70%)
-
Accumulated Loss / Paid-Up Share Capital
Financial Results Form
1
Kuwaiti Company (KWD)
%
Second quarter
Second quarter Curre
n
Change (%)
Comparative Period
Period
Statement
2022-06-30
2023-06-30
21%
(396,839)
(480,435)
Net Profit (Loss) represents the amount
attributable to the owners of the parent
Company
21%
(2.16)
(2.62)
Basic & Diluted Earnings per Share
7%
4,083,353
4,382,921
Total Operating Revenue
20%
(492,911)
(590,090)
Net Operating Profit (Loss)
•
Not Applicable for First Quarter
•
Increase/Decrease in Net Profit (Loss) is due to
•
Net income from the sale of properties & hotel
•
845,787
operations decreased by KD 845,787
488,806
•
•
Fees and commission income increased by KD
488,806
•
Other operating expenses and charges
•
decreased by KD 471,009
471,009
• Taxation decreased by KD 248,005
248,005
•
Total Revenue realized from dealing with related parties (value, KWD)
437,810
Total Expenditures incurred fromdealing with related parties (value, KWD)
205,152
Financial Results Form
2
Kuwaiti Company (KWD)
Auditor Opinion
1.
Unqualified Opinion
☒
.1
2.
Qualified Opinion
☐
.2
3.
Disclaimer of Opinion
☐
.3
4.
Adverse Opinion
☐
.4
In the event of selecting item No. 2, 3 or 4,
4 3 2
the following table must be filled out, and this form is not
considered complete unless it is filled.
-
-
-
-
Financial Results Form
3
Kuwaiti Company (KWD)
Corporate Actions
-
-
Cash Dividends
-
-
Bonus Share
-
-
Other Dividend
-
-
No Dividends
-
-
-
Issue Premium
Capital Increase
-
-
Capital Decrease
Company Seal
Signature
Title
Name
Financial Results Form
4
Kuwaiti Company (KWD)
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IFA Hotels and Resorts Co. KSCP published this content on 13 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2023 11:38:06 UTC.
IFA Hotels and Resorts Co KSCP is a United Arab Emirates-based company, which is engaged, together with its subsidiaries, in the development of mixed-use hotel and residential resort projects as well as leisure services. The Company operates under the following business segments: property development, hoteliering, investments and others. The Company is mainly engaged in: developing, managing and marketing hotels and resorts; purchasing, selling and developing real estate and land; providing and presenting studies and consultations on all types of real estate issues; performing maintenance services relating to buildings and real estate owned; preparing real estate auctions; holding and managing commercial and residential complexes, as well as direct participation in the establishment of building foundations for residential, commercial, maintenance, touristic, urban, and athletic buildings, among others.
IFA HOTELS AND RESORTS - KPSC 
