Agility Public Warehousing K S C P : Q2 2022 Financial Report

AGILITY PUBLIC WAREHOUSING

COMPANY K.S.C.P. AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED

FINANCIAL INFORMATION

30 JUNE 2022 (UNAUDITED)

Agility Public Warehousing Company K.S.C.P. and Subsidiaries

INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME

For the period ended 30 June 2022 (Unaudited)

		Three months ended		Six months ended
		30 June		30 June
		2022	2021		2022	2021
	Notes	KD 000's	KD 000's		KD 000's	KD 000's
CONTINUING OPERATIONS		138,447		270,535	220,174
Revenue from contract with customers	8	112,195
Cost of revenues		(66,401)	(53,184)	(131,345)	(102,952)
		────────	────────		────────	────────
Net revenues		72,046	59,011	139,190	117,222
General and administrative expenses		(13,206)	(11,764)	(24,238)	(25,176)
Salaries and employee benefits		(21,494)	(18,574)	(41,600)	(36,746)
Share of results of associates and joint ventures		1,138	609	(2,975)	938
Revaluation (loss) gain on financial assets at fair value		(1,954)		(4,828)	(6,471)
through profit or loss		1,717
Dividend income		-	-	4,774	-
Miscellaneous income		486	7,601	599	8,582
Profit before interest, taxation, depreciation,		────────	────────		────────	────────
amortisation and Directors' remuneration						58,349
(EBITDA)		37,016	38,600	70,922
Depreciation		(8,130)	(7,840)	(16,290)	(15,830)
Amortisation		(1,151)	(1,199)	(2,335)	(2,422)
Profit before interest, taxation and Directors'		────────	────────		────────	────────
					40,097
remuneration (EBIT)		27,735	29,561	52,297
Interest income		104	74	267	208
Finance costs		(5,838)	(4,747)	(11,498)	(9,741)
		────────	────────		────────	────────
Profit before taxation and Directors' remuneration		22,001	24,888	41,066	30,564
Taxation	9	(1,553)	(2,912)	(3,662)	(3,811)
Directors' remuneration		(87)	(35)	(175)	(70)
PROFIT FOR THE PERIOD FROM CONTINUING		────────	────────		────────	────────
	20,361	21,941	37,229	26,683
OPERATIONS
DISCONTINUED OPERATIONS		════════	════════		════════	════════
	-				35,217
Profit after tax from discontinued operations	16	23,292	-
		────────	────────		────────	────────
PROFIT FOR THE PERIOD		20,361	45,233	37,229	61,900
Attributable to:		════════	════════		════════	════════
Equity holders of the Parent Company		16,050		28,820	16,802
Profit for the period from continuing operations		15,734
Profit for the period from discontinued operations		-	22,836	-	34,409
		────────	────────		────────	────────
		16,050	38,570	28,820	51,211
Non-controlling interests		────────	────────		────────	────────
	4,311		8,409	9,881
Profit for the period from continuing operations		6,207
Profit for the period from discontinued operations		-	456	-	808
		────────	────────		────────	────────
		4,311	6,663	8,409	10,689
		────────	────────		────────	────────
PROFIT FOR THE PERIOD		20,361	45,233	37,229	61,900
BASIC AND DILUTED EARNINGS PER SHARE -		════════	════════		════════	════════
ATTRIBUTABLE TO EQUITY HOLDERS OF THE	10	6.35	15.27	11.41	20.27
PARENT COMPANY (fils)
BASIC AND DILUTED EARNINGS PER SHARE FROM		════════	════════		════════	════════
CONTINUING OPERATIONS - ATTRIBUTABLE TO	10	6.35	6.23	11.41	6.65
EQUITY HOLDERS OF THE PARENT COMPANY (fils)
		════════	════════		════════	════════

The attached notes 1 to 17 form part of this interim condensed consolidated financial information.

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