Oman Cables Industry (OCI) was established in 1984 and produces a range of cables. Sales growth had been very strong in recent years, more than doubling in 1996, rising by 18 per cent in 1997 to RO 9.4 million ($24.

5 million) and then by a further 22 per cent in 1998 to reach RO 12.6 million ($32.7 million). However, business went into reverse in 1999 and sales dropped by more than 15 per cent in the year. Net profits had been growing steadily, in 1997 increasing by 36 per cent and in 1998 by 19 per cent to stand at RO 387,415 ($997,207).

The sales slump in 1999 led to a profit reversal. Net income fell by almost 70 per cent to RO 119,430 ($310,000).The company benefited from a joint co-operation agreement with Draka Holding of the Netherlands, a leading cables manufacturer, which was signed in 1997.

As part of the deal, Draka injected RO 800,000 ($2.1 million) worth of equity into OCI, acquiring a 34.8 per cent stake in the firm. This raised OCI's capital to RO 2.3 million ($6 million). Capital has since been raised by 30 per cent to RO 3 million ($7.

8 million) through a stock dividend.

Individuals	N/A
Institutions	N/A
Floating	N/A
Government	N/A

	2003	2002	2001
Total Assets	22,942	19,210	15,587
Shareholder's Equity	6,837	6,682	6,115
NIAT	741	1,096	859
Dividends	374	523	449

	2003	2002	2001
Assets Growth	19.43%	23.25%	7.49%
Earning Growth	-32.34%	27.56%	86.41%
ROaA	3.52%	6.30%	5.71%
ROaE	10.97%	17.12%	14.64%
No. Of Shares	2,990,000	2,990,000	2,990,000
EPS	0.25	0.37	0.29
EPS Growth	-32.34%	27.56%	86.41%
Payout Ratio	50.423	47.764	52.225

	Trailing
PE
PB
DVPS
Div Yield
EV
EV/Equity

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