Page 6 - Q1 2024 EN

AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (UNAUDITED)
FOR THE PERIOD ENDED MARCH 31, 2024
(All amounts are in Kuwaiti Dinars)

For the three months ended
March 31,
2023
Note 2024 (Restated)
Continuing operations:
Revenue:
Revenue from sale of properties held for trading 521,178 136,439
Rental income 3,145,222 3,177,615
Medical services income - 417,662
Net management fees and commission income 44,875 219,646
Total revenue 3,711,275 3,951,362
Costs:
Cost of sale of properties held for trading (511,503) (133,690)
Cost of rental (620,695) (484,433)
Cost of medical services - (433,774)
Total costs (1,132,198) (1,051,897)

Gross profit 2,579,077 2,899,465

Partial gain from termination of sale of a subsidiary 5 1,125,000 -
Share of results from an associate 6 (42,280) 1,075
Gain on sale of investment properties 574,156 76,366
Depreciation (13,124) (55,491)
Change in fair value of investment properties 8 9,836 -
Selling and marketing expenses (14,497) (44,053)
General and administrative expenses (645,768) (855,751)

Operating profit 3,572,400 2,021,611

Net loss of financial assets (1,337) (15,543)
Net other expenses (303,673) (76,252)
Amortization of finance costs related to lease liabilities (405,027) (331,540)
Finance costs (1,038,151) (1,422,172)
Profit for the period from continuing operations before discontinued operations and before
National Labor Support Tax and Contribution to Zakat 1,824,212 176,104
Discontinued operations
Profit for the period from discontiunued operations - 7,906
Profit for the period before National Labor Support Tax
and Contribution to Zakat 1,824,212 184,010
National Labor Support Tax (267,214) -
Contribution to Zakat (97,538) -
Profit for the period 1,459,460 184,010
Attributable to:
Shareholders of the Parent Company 1,260,641 194,816
Non-controlling interests 198,819 (10,806)
1,459,460 184,010
Profit per share attributable to shareholders of the parent company
Continuing operations
Basic and diluted earnings per share - attributable to shareholders of the parent company
(fils) 11 2.64 0.30
Discontinued operations
Basic and diluted earnings per share - attributable to shareholders of the parent company
(fils) 11 - 0.01

Total basic and diluted earnings per share attributable to shareholders of the Parent
Company (fils) 11 2.64 0.31

The accompanying notes (1) to (16) form an integral part of the interim consolidated financial information.

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