Majan Glass
| Name | Majan Glass | |
| Sector | Manufacturing - Pipes ceramics, Tiles & constr | |
| Trading | MSM | |
| RIC Code | MGC.OM | |
| Location | OMAN |
Profile and Background
Majan Glass Company began trial production in January 1997. It started the commercial production of green glass in February 1997, and clear glass production began a few months later. In 1997, it posted a net loss of RO 413,940 ($1.
1 million) on sales of RO 629,294 ($1.6 million). This loss widened to RO 1.3 million ($3.4 million) in 1998 on sales of RO 1.6 million ($4.2 million). Figures for 1999 show that the company reported a 12.
5 per cent rise in sales. The operating loss was cut by more than 40 per cent. Net profit for the year fell by 44 per cent to RO 732 million ($1.9 million). The loss was absorbed by reserves with the result that shareholders' equity fell by 57 per cent in the year.
Shares in the firm are rarely traded. In October 2004 a restructuring plan was announced which will reduce capital by 80% from 3 mn to 0.6 mn shares, in order to wipe off accumulated losses and will be followed by recapitalization and the injection of OMR 1.
5 mn by the Government and an additional OMR 1 mn out of the OMR 3 mn loan will be capitalized. The repayment date of the remaining OMR 2 mn loan has been further extended to 01-03-06.
1 million) on sales of RO 629,294 ($1.6 million). This loss widened to RO 1.3 million ($3.4 million) in 1998 on sales of RO 1.6 million ($4.2 million). Figures for 1999 show that the company reported a 12.
5 per cent rise in sales. The operating loss was cut by more than 40 per cent. Net profit for the year fell by 44 per cent to RO 732 million ($1.9 million). The loss was absorbed by reserves with the result that shareholders' equity fell by 57 per cent in the year.
Shares in the firm are rarely traded. In October 2004 a restructuring plan was announced which will reduce capital by 80% from 3 mn to 0.6 mn shares, in order to wipe off accumulated losses and will be followed by recapitalization and the injection of OMR 1.
5 mn by the Government and an additional OMR 1 mn out of the OMR 3 mn loan will be capitalized. The repayment date of the remaining OMR 2 mn loan has been further extended to 01-03-06.
Shareholding Groups
| Individuals | N/A |
| Institutions | N/A |
| Floating | N/A |
| Government | N/A |
Stock Performance
Market Information
| Stock | Oman Index | |
| Last Closing | RO 0.65 | 1832.4 |
| YTD % |  3.906% |  0% |
| Weekly % | 4.696% | 6.57% |
| Year High | RO 0.74 | 1909.5 |
| Year Low | RO 0.53 | 1555 |
| 52 Week High | RO 0.72 | 2951.18 |
| 52 Week Low | RO 0.36 | 1734.99 |
| BETA | 2.4223 | |
| Outstanding Shares | 33,220,000 | |
| Market Cap | RO 21,593,000 | |
| Market Cap in $ | USD $56,085,714 | |
| % of Oman Market | 0.45% | |
| % of Sector | 2.70% | |
| Rank by Cap | 30 |
Key Figures in '000 RO
| Total Assets | |||
| Shareholder's Equity | |||
| NIAT | |||
| Dividends |
Financial Ratios
| Assets Growth | |||
| Earning Growth | |||
| ROaA | |||
| ROaE | |||
| No. Of Shares | |||
| EPS | |||
| EPS Growth | |||
| Payout Ratio |
Valuation Ratios
| Trailing | |
| PE | |
| PB | |
| DVPS | |
| Div Yield | |
| EV | |
| EV/Equity |
The information is this section is provided by SHUAA Capital PSC. The information contained in this section is not intended to be an offer, a recommendation, or a solicitation to buy or sell securities or investment products.
The information and opinions contained in this section have been compiled from, or arrived at in good faith, from sources believed to be reliable but no guarantee or warranty is made by SHUAA Capital or AME Info as to the accuracy or completeness of the information contained herein.
All opinions expressed herein are subject to change without notice.
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC.
© SHUAA Capital PSC. All rights reserved.
Web Feeds