Flexible Industrial Packaging
| Name | Flexible Industrial Packaging | |
| Sector | Manufacturing - Other manufacturers | |
| Trading | MSM | |
| RIC Code | FIPK.OM | |
| Location | OMAN |
Profile and Background
Packaging Company was established in 1986 and manufactures corrugated carton and related products. Earnings fell every year between 1993-96, but staged a substantial recovery in 1997 due to successful cost-cutting measures.
Gross profits rose 21 per cent despite stagnant sales and net profits jumped by 85 per cent, allowing the company to return to paying out dividends. In 1998, however, sales costs once again rose, and bottom line earnings declined by 36 per cent, despite a slight increase in sales income and a more than two-fold increase in non-operating income.
The company's shares, of which Al-Fairuz Trading & Contracting Company owns about 60 per cent, are rarely traded and were not traded at all between May 1998-April 1999.
Gross profits rose 21 per cent despite stagnant sales and net profits jumped by 85 per cent, allowing the company to return to paying out dividends. In 1998, however, sales costs once again rose, and bottom line earnings declined by 36 per cent, despite a slight increase in sales income and a more than two-fold increase in non-operating income.
The company's shares, of which Al-Fairuz Trading & Contracting Company owns about 60 per cent, are rarely traded and were not traded at all between May 1998-April 1999.
Shareholding Groups
| Individuals | N/A |
| Institutions | N/A |
| Floating | N/A |
| Government | N/A |
Stock Performance
Market Information
| Stock | Oman Index | |
| Last Closing | RO 1.6 | 1832.4 |
| YTD % | 0% | 0% |
| Weekly % | 0% | 6.57% |
| Year High | RO 1.6 | 1909.5 |
| Year Low | RO 0.1 | 1555 |
| 52 Week High | RO 1.9 | 2951.18 |
| 52 Week Low | RO 0.24 | 1734.99 |
| BETA | 0.2917 | |
| Outstanding Shares | 1,200,000 | |
| Market Cap | RO 1,920,000 | |
| Market Cap in $ | USD $4,987,013 | |
| % of Oman Market | 0.04% | |
| % of Sector | 0.24% | |
| Rank by Cap | 83 |
Key Figures in '000 RO
| 2004 | 2003 | 2002 | |
| Total Assets | 2,328 | 2,628 | 2,812 |
| Shareholder's Equity | -929 | -560 | -156 |
| NIAT | -369 | -403 | -465 |
| Dividends | N/A | N/A | N/A |
Financial Ratios
| 2004 | 2003 | 2002 | |
| Assets Growth | -11.42% | -6.55% | -12.96% |
| Earning Growth | 0.00% | 0.00% | 0.00% |
| ROaA | -14.89% | -14.82% | -15.37% |
| ROaE | 49.56% | 112.51% | -612.23% |
| No. Of Shares | 1,200,000 | 1,200,000 | 1,200,000 |
| EPS | -0.31 | -0.34 | -0.39 |
| EPS Growth | 0.00% | 0.00% | 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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