Dhofar Cattlefeed
| Name | Dhofar Cattlefeed | |
| Sector | Agriculture Forestry and Fisheries - Agriculture services | |
| Trading | MSM | |
| RIC Code | DCAT.OM | |
| Location | OMAN |
Profile and Background
Established in 1981, Dhofar Cattle Feed Company is engaged in the production and sale of hay, dairy milk, feed for cattle, chickens, sheep and the trading of beef cattle. The company is based in the southern town of Salalah, and has a head office, a feed mill and a farm at Garziz.
Sales and earnings plummeted in 1996 as farmers staged a boycott of the company's products after it increased prices for the first time in almost 10 years in order to offset higher world prices for its raw materials.
In 1997, management held conciliatory meetings with farmers and agreed to cut the price of feed and hay. However, while the measures helped to boost sales by 21 per cent, gross earnings declined. The company's investment portfolio came to the rescue, lifting the bottom line by 89 per cent.
In 1998, sales income rose by 9 per cent, but higher operating expenses, a sharp reduction in investment income and provisioning of RO 570,000 ($1.5 million) for the decline in the value of investments sent net profits plunging 68 per cent.
The company is to be transformed into a holding company, its operations being transferred to two subsidiaries. Paid-in capital is to be raised to RO 10 million ($26 million) through a rights issue. One of its farms is to be moved to a new site to accommodate the growth of Salalah and for this the company will receive compensation from the government.
In 1999, the company reported a fall of less than 1 per cent in sales. Net income was barely changed and the dividend pay-out was maintained.
Sales and earnings plummeted in 1996 as farmers staged a boycott of the company's products after it increased prices for the first time in almost 10 years in order to offset higher world prices for its raw materials.
In 1997, management held conciliatory meetings with farmers and agreed to cut the price of feed and hay. However, while the measures helped to boost sales by 21 per cent, gross earnings declined. The company's investment portfolio came to the rescue, lifting the bottom line by 89 per cent.
In 1998, sales income rose by 9 per cent, but higher operating expenses, a sharp reduction in investment income and provisioning of RO 570,000 ($1.5 million) for the decline in the value of investments sent net profits plunging 68 per cent.
The company is to be transformed into a holding company, its operations being transferred to two subsidiaries. Paid-in capital is to be raised to RO 10 million ($26 million) through a rights issue. One of its farms is to be moved to a new site to accommodate the growth of Salalah and for this the company will receive compensation from the government.
In 1999, the company reported a fall of less than 1 per cent in sales. Net income was barely changed and the dividend pay-out was maintained.
Shareholding Groups
| Individuals | 18% |
| Institutions | N/A |
| Floating | N/A |
| Government | N/A |
Board Members (Listed in alphabetical order)
| Vice Chairman | Ahmed Abdullah Saeed Al Rawas |
| Director | Amar Bin Ahmed Al Rawas |
| Director | Mohammed Turosh Al Rawas |
| Director | Sheikh Abdullah Hamoud Al Ghafri |
| Director | Sheikh Adil Ahmed Al Shanfari |
| Chairman | Sheikh Hamad Bin Hamoud Al Ghafri |
| Director | Sheikh Mohammed Fatah Zabanoot |
| Director | Sheikh Mohammed Saeed Al Rawas |
| Director | Sheikh Saeed Bin Musathil Al Mashani |
| Director | Syad Tariq Bin Mosallem Al Busacidl |
Stock Performance
Market Information
| Stock | Oman Index | |
| Last Closing | RO 0.23 | 1832.4 |
| YTD % |  5.639% |  0% |
| Weekly % | 9.252% | 6.57% |
| Year High | RO 0.6 | 1909.5 |
| Year Low | RO 0.18 | 1555 |
| 52 Week High | RO 0.24 | 2951.18 |
| 52 Week Low | RO 0.18 | 1734.99 |
| BETA | 0.3958 | |
| Outstanding Shares | 70,000,000 | |
| Market Cap | RO 16,100,000 | |
| Market Cap in $ | USD $41,818,182 | |
| % of Oman Market | 0.34% | |
| % of Sector | 47.42% | |
| Rank by Cap | 41 |
Key Figures in '000 RO
| 2004 | 2003 | 2002 | |
| Total Assets | 30,422 | 25,180 | 20,397 |
| Shareholder's Equity | 24,419 | 22,253 | 18,176 |
| NIAT | 713 | 653 | 892 |
| Dividends | 700 | 700 | 700 |
Financial Ratios
| 2004 | 2003 | 2002 | |
| Assets Growth | 20.82% | 23.45% | -5.39% |
| Earning Growth | 9.19% | -26.81% | 36.05% |
| ROaA | 2.57% | 2.87% | 4.25% |
| ROaE | 3.06% | 3.23% | 5.23% |
| No. Of Shares | 6,997,050 | 6,997,050 | 6,997,050 |
| EPS | 0.10 | 0.09 | 0.13 |
| EPS Growth | 9.19% | -26.81% | 36.05% |
| Payout Ratio | 98.135 | 107.152 | 78.425 |
Valuation Ratios
| Trailing | |
| PE | |
| PB | |
| DVPS | |
| Div Yield | |
| EV | |
| EV/Equity |
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