This form shall not be deemed to be complete unless the documents mentioned above are provided
%
Change (%)
Three Month Comparati
ve
Three Month Current Period
Period
Statement
2023-03-31
2024-03-31
3,768%
107,594
4,161,328
Net Profit (Loss) represents the amount
attributable to the owners of the parent
Company
3,768%
0.47
18.16
Basic & Diluted Earnings per Share
(37%)
52,402,328
33,101,033
Current Assets
7%
198,308,248
211,264,101
Total Assets
(13%)
102,513,163
89,613,882
Current Liabilities
(5%)
161,373,584
153,574,796
Total Liabilities
333%
5,131,699
22,212,609
Total Equity attributable to the owners of
the Parent Company
92%
5,609,675
10,752,172
Total Operating Revenue
1,373%
386,365
5,693,010
Net Operating Profit (Loss)
N/A
(70.97%)
N/A
Accumulated Loss / Paid-Up Share Capital
Financial Results Form
1
Kuwaiti Company (KWD)
%
First Quarter
First Quarter Current
Change (%)
Comparative Period
Period
Statement
2023-03-31
2024-03-31
-
-
-
Net Profit (Loss) represents the amount
attributable to the owners of the parent
Company
-
-
-
Basic & Diluted Earnings per Share
-
-
-
Total Operating Revenue
-
-
-
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
•
811,915
operations increased by KD 811,915
•
• Share of results of associates and joint ventures
increased by KD 4,574,583
4,574,583
• Other operating expenses and charges
•
decreased by KD 381,245
381,245
• Taxations increased by KD 380,310
380,310
•
Total Revenue realized from dealing with related parties (value, KWD)
-
Total Expenditures incurred fromdealing with related parties (value, KWD)
-
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
-
-
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
08 May 2024 and is solely responsible for the information contained therein. Distributed by
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08 May 2024 11:32:26 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 
