Condensed Interim Financial Statements Consolidated Statement of Profit or Loss For the six months ended 30th June 2023 – unaudited Unaudited Audited Six months ended Year ended 30th June 31st December 2023 2022 2022 Note HK$M HK$M HK$M Restated Revenue 4 7,297 6,910 13,826 Cost of sales 5 (1,970) (1,871) (4,303) Gross profit 5,327 5,039 9,523 Administrative and selling expenses (951) (828) (1,713) Other operating expenses (106) (107) (186) Other net (losses)/gains 6 (65) 89 79 Gains on disposal of subsidiary companies – – 520 Change in fair value of investment properties 13 (1,332) 701 801 Operating profit 2,873 4,894 9,024 Finance charges (271) (168) (359) Finance income 92 89 172 Net finance charges 8 (179) (79) (187) Share of profit less losses of joint venture companies 508 516 1,443 Share of profit less losses of associated companies 16 (36) 12 Profit before taxation 3,218 5,295 10,292 Taxation 9 (954) (826) (2,065) Profit for the period 2,264 4,469 8,227 Profit for the period attributable to: The Company’s shareholders 2,223 4,348 7,980 Non-controlling interests 41 121 247 2,264 4,469 8,227 HK$ HK$ HK$ Earnings per share from profit attributable to the Company’s shareholders (basic and diluted) 11 0.38 0.74 1.36 The above consolidated statement of profit or loss should be read in conjunction with the accompanying notes. 52 Swire Properties Limited Interim Report 2023