Al-Ahlia Detergent
| Name | Al-Ahlia Detergent | |
| Sector | Manufacturing - Chemicals and allied products | |
| Trading | MSM | |
| RIC Code | AADC.OM | |
| Location | OMAN |
Profile and Background
Al-Ahlia Detergent Company began trial production in December 1995 and commercial production started in January 1996. Its Sohar plant has a capacity of 20,000 tonnes a year of detergents. Its products include washing up liquid, soaps and cleaning agents.
In 1996, it recorded sales of RO 1.9 million ($4.9 million) but costs associated with breaking into the market resulted in a net loss of nearly RO 400,000 ($1 million). In 1997, turnover increased by 47 per cent, but the company was still unable to break even.
Turnover grew the following year by a further 32 per cent and net losses were reduced substantially despite higher sales and distribution expenses and increased borrowing costs. Figures for 1999 show that the company finally broke into surplus, reporting a net profit of more than RO 100,000 ($263,000).
This allowed the company to reduce the carried over deficit on the profit and loss statement. The share price fell in 1999, but recovered in the first part of 2000.
In 1996, it recorded sales of RO 1.9 million ($4.9 million) but costs associated with breaking into the market resulted in a net loss of nearly RO 400,000 ($1 million). In 1997, turnover increased by 47 per cent, but the company was still unable to break even.
Turnover grew the following year by a further 32 per cent and net losses were reduced substantially despite higher sales and distribution expenses and increased borrowing costs. Figures for 1999 show that the company finally broke into surplus, reporting a net profit of more than RO 100,000 ($263,000).
This allowed the company to reduce the carried over deficit on the profit and loss statement. The share price fell in 1999, but recovered in the first part of 2000.
Shareholding Groups
| Individuals | N/A |
| Institutions | N/A |
| Floating | N/A |
| Government | N/A |
Stock Performance
Market Information
| Stock | Oman Index | |
| Last Closing | RO 0.45 | 1832.4 |
| YTD % |  0% | 0% |
| Weekly % | 0% |  6.57% |
| Year High | RO 0.5 | 1909.5 |
| Year Low | RO 0.2 | 1555 |
| 52 Week High | RO 1.18 | 2951.18 |
| 52 Week Low | RO 0.4 | 1734.99 |
| BETA | 0.0711 | |
| Outstanding Shares | 900,000 | |
| Market Cap | RO 405,000 | |
| Market Cap in $ | USD $1,051,948 | |
| % of Oman Market | 0.01% | |
| % of Sector | 0.05% | |
| Rank by Cap | 105 |
Key Figures in '000 RO
| 2003 | 2002 | 2001 | |
| Total Assets | 4,732 | 4,956 | 5,079 |
| Shareholder's Equity | 783 | 677 | 475 |
| NIAT | 107 | 202 | 101 |
| Dividends | N/A | N/A | N/A |
Financial Ratios
| 2003 | 2002 | 2001 | |
| Assets Growth | -4.51% | -2.43% | N/A |
| Earning Growth | -47.07% | 99.47% | 0.00% |
| ROaA | 2.21% | 4.02% | 3.99% |
| ROaE | 14.64% | 35.07% | 42.65% |
| No. Of Shares | 900,000 | 900,000 | 900,000 |
| EPS | 0.12 | 0.22 | 0.11 |
| EPS Growth | -47.07% | 99.47% | 0.00% |
| Payout Ratio | N/A | N/A | N/A |
Valuation Ratios
| Trailing | |
| PE | |
| PB | |
| DVPS | |
| Div Yield | |
| EV | |
| EV/Equity |
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