| Element List |
Explanation |
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year |
The reason of the increase in the revenues during the current year compared to the last year is due to increase in hotels and other operating revenues, increase in income from gain on investments at FVTPL. Despite of decrease in dividend income. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
The reason of the decrease in the net profit during the current year compared to the last year is primarily due to one off gain in sale of half of its stake in Four seasons Holdings (partial sale of its stake in equity accounted investee) during year 2022 and no such gain was recognized in current year, increase in financial charges, increase in hotels and other operating costs, increase in general, administrative, and marketing expenses and decrease in dividend income. Despite of increase in other gains, increase in share of results from equity-accounted investees, increase in hotels and other operating revenues, increase in gain on investments at FVTPL, decrease in zakat expense, increase in reversal / impairment of financial assets, decrease in withholding and income tax and increase in finance income. |
| Statement of the type of external auditor's report |
Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) |
N/A |
| Reclassification of Comparison Items |
N/A |
| Additional Information |
N/A |
Comments