This form shall not be deemed to be complete unless the documents mentioned above are provided
%
Change (%)
Comparative Year
Current Year
2022-12-31
2023-12-31
Statement
380%
2,896,038
13,914,688
Net Profit (Loss) represents the amount
attributable to the owners of the parent
Company
380%
15.80
75.90
Basic & Diluted Earnings per Share
(33%)
49,503,970
33,351,489
Current Assets
(4%)
198,470,067
206,878,253
Total Assets
(12%)
102,222,261
89,476,970
Current Liabilities
(4%)
161,651,406
154,707,454
Total Liabilities
236%
5,367,223
18,048,862
Total Equity attributable to the owners of
the Parent Company
75%
23,315,087
40,760,337
Total Operating Revenue
324%
3,728,877
15,798,577
Net Operating Profit (Loss)
N/A
(71.1%)
N/A
Accumulated Loss / Paid-Up Share Capital
Financial Results Form
1
Kuwaiti Company (KWD)
%
Fourth quarter
Fourth quarter Curre
n
Change (%)
Comparative Year
Year
Statement
2022-12-31
2023-12-31
(369%)
(858,589)
2,311,611
Net Profit (Loss) represents the amount
attributable to the owners of the parent
Company
(369%)
(4.68)
12.61
Basic & Diluted Earnings per Share
252%
3,947,712
13,913,355
Total Operating Revenue
(645%)
(773,938)
4,221,260
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
•
3,567,797
operations increased by KD 3,567,797
•
• Share of results of associates and joint ventures
increased by KD 7,497,440
7,497,440
•
• Gain on sale of assets held for sale increased by
KD 6,802,856
6,802,856
• Other operating expenses and charges increased
•
by KD 3,805,808
3,805,808
• Finance costs increased by KD 1,042,469
1,042,469
•
Total Revenue realized from dealing with related parties (value, KWD)
-
Total Expenditures incurred fromdealing with related parties (value, KWD)
420,330
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 items 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
25%
4,585,614
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
06 March 2024 and is solely responsible for the information contained therein. Distributed by
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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.