CONDENSED INTERIM FINANCIAL STATEMENTS Consolidated Statement of Profit or Loss For the six months ended 30th June 2022 – unaudited Unaudited Audited Six months ended Year ended 30th June 31st December 2022 2021 2021 Note HK$M HK$M HK$M Revenue 4 6,698 9,068 15,891 Cost of sales 5 (1,693) (3,462) (5,369) Gross profit 5,005 5,606 10,522 Administrative and selling expenses (828) (871) (1,888) Other operating expenses (107) (101) (200) Other net gains 6 89 358 1,231 Gain on disposal of subsidiary companies – – 121 Change in fair value of investment properties 13 701 (2,525) (1,947) Operating profit 4,860 2,467 7,839 Finance charges (168) (327) (607) Finance income 89 112 230 Net finance charges 8 (79) (215) (377) Share of profit less losses of joint venture companies 509 859 1,870 Share of profit less losses of associated companies (36) (42) (82) Profit before taxation 5,254 3,069 9,250 Taxation 9 (817) (979) (1,961) Profit for the period 4,437 2,090 7,289 Profit for the period attributable to: The Company’s shareholders 4,319 1,984 7,121 Non-controlling interests 118 106 168 4,437 2,090 7,289 HK$ HK$ HK$ Earnings per share from profit attributable to the Company’s shareholders (basic and diluted) 11 0.74 0.34 1.22 The above consolidated statement of profit or loss should be read in conjunction with the accompanying notes. 50 Swire Properties Limited Interim Report 2022