Agility Public Warehousing K S C P : Q3 2021 Financial Report

AGILITY PUBLIC WAREHOUSING

COMPANY K.S.C.P. AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED

FINANCIAL INFORMATION

30 SEPTEMBER 2021 (UNAUDITED)

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

INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME

For the period ended 30 September 2021 (Unaudited)

		Three months ended		Nine months ended
		30 September		30 September
		2021	2020		2021	2020
	Notes	KD 000's	KD 000's		KD 000's	KD 000's
CONTINUING OPERATIONS
Revenues		50,060		133,426
Logistics revenues		39,808	112,892
Rental revenues		16,414	16,246	48,890	48,265
Other services		58,013	41,467	162,345	131,221
		────────	────────		────────	────────
Total revenues		124,487	97,521	344,661	292,378
Cost of revenues		(58,671)	(46,970)	(158,902)	(130,962)
		────────	────────		────────	────────
Net revenues		65,816	50,551	185,759	161,416
General and administrative expenses		(13,281)	(9,115)	(41,178)	(33,279)
Salaries and employee benefits		(20,238)	(16,690)	(56,984)	(55,356)
Change in fair value of investment properties		-	-	-	(443)
Share of results of associates and joint ventures		943	769	1,881	(514)
Revaluation loss on financial assets at fair value		(4,194)		(10,665)
through profit or loss		-	-
Miscellaneous income		62	2,520	8,644	3,719
Profit before interest, taxation, depreciation,		────────	────────		────────	────────
amortisation and Directors'
remuneration (EBITDA)		29,108	28,035	87,457	75,543
Depreciation		(8,312)	(8,372)	(24,142)	(24,104)
Amortisation		(1,185)	(1,260)	(3,607)	(4,312)
Profit before interest, taxation and Directors'		────────	────────		────────	────────
remuneration (EBIT)		19,611	18,403	59,708	47,127
Interest income		102	415	310	1,394
Finance costs		(5,123)	(3,948)	(14,864)	(12,968)
		────────	────────		────────	────────
Profit before taxation and Directors' remuneration		14,590	14,870	45,154	35,553
Taxation	8	(2,090)	(1,337)	(5,901)	(3,066)
Directors' remuneration		(35)	(35)	(105)	(105)
PROFIT FOR THE PERIOD FROM CONTINUING		────────	────────		────────	────────
	12,465	13,498	39,148	32,382
OPERATIONS
DISCONTINUED OPERATIONS		════════	════════		════════	════════
	918,394		953,611
Profit after tax from discontinued operations	15	4,994	7,588
		────────	────────		────────	────────
PROFIT FOR THE PERIOD		930,859	18,492	992,759	39,970
Attributable to:		════════	════════		════════	════════
Equity holders of the Parent Company		8,479		25,281
Profit for the period from continuing operations		10,822	24,742
Profit for the period from discontinued operations		918,382	4,492	952,791	6,781
		────────	────────		────────	────────
		926,861	15,314	978,072	31,523
Non-controlling interests		────────	────────		────────	────────
	3,986		13,867
Profit for the period from continuing operations		2,676	7,640
Profit for the period from discontinued operations		12	502	820	807
		────────	────────		────────	────────
		3,998	3,178	14,687	8,447
		────────	────────		────────	────────
PROFIT FOR THE PERIOD		930,859	18,492	992,759	39,970
BASIC AND DILUTED EARNINGS PER SHARE -		════════	════════		════════	════════
ATTRIBUTABLE TO EQUITY HOLDERS OF THE	9	440.34	7.27	464.67	14.97
PARENT COMPANY (fils)
BASIC AND DILUTED EARNINGS PER SHARE FROM		════════	════════		════════	════════
CONTINUING OPERATIONS - ATTRIBUTABLE TO	9	4.03	5.14	12.01	11.75
EQUITY HOLDERS OF THE PARENT COMPANY (fils)
		════════	════════		════════	════════

The attached notes 1 to 16 form part of this interim condensed consolidated financial information.

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