Page 5 - Q1-2023-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, 2023
(All amounts are in Kuwaiti Dinars)

For the three months ended
March 31,
2022
Note 2023 (Restated)
Continuing operations:
Revenue:
Revenue from sale of properties held for trading 136,439 -
Rental income 2,991,987 2,488,433
Medical services income 417,662 861,530
Net management fees and commission income 209,316 71,884
Total revenue 3,755,404 3,421,847

Costs:
Cost of sale of properties held for trading (133,690) -
Cost of rental (458,040) (433,683)
Cost of medical services (433,774) (638,866)
Total costs (1,025,504) (1,072,549)

Gross profit 2,729,900 2,349,298

Share of results from an associate 1,075 -
Gain on sale of investment properties 76,366 -
Selling and marketing expenses (43,651) (31,170)
General and administrative expenses (855,620) (795,667)
Depreciation (55,491) (65,891)

Operating profit 1,852,579 1,456,570

Net loss of financial assets (15,543) (16,814)
Net other expenses (100,448) (125,453)
Amortization of finance costs related to lease liabilities (331,540) (142,187)
Finance costs (1,422,172) (1,039,089)
(Loss) profit for the period from continuing operations (17,124) 133,027
Discontinued operations
Profit for the period from discontiunued operations 4 201,134 176,415
Profit for the period 184,010 309,442

Attributable to:
Shareholders of the Parent Company 194,816 204,249
Non-controlling interests (10,806) 105,193
184,010 309,442
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) 6 0.02 0.07
Discontinued operations
Basic and diluted earnings per share - attributable to shareholders of the parent
company (fils) 6 0.29 0.25

Total basic and diluted earnings per share attributable to shareholders of the
Parent Company (fils) 6 0.31 0.32

The accompanying notes (1) to (11) form an integral part of the interim consolidated financial information.

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