Salalah Flour Mills Company was established in June 1995 following a successful flotation of 1 million shares, or 40 per cent of equity, in April of that year. Production at the company's 300-tonne-a-day (90,000-tonne-a-year) plant began in November 1997, breaking the monopoly over local flour milling previously held by Oman Flour Mills Company.

The company is concentrating on the Salalah region, which is a small market, and exports half of its production to Yemen due to its strategic location: it expects to benefit greatly from the transshipment port being developed in Raysut by Salalah Port Services Company.

The company posted its first financial statements in 1998, showing a net profit of RO 438,714 ($1.1 million) on sales of RO 4.1 million ($10.6 million). In 1999, sales revenue rose by 44 per cent to RO 5.

9 million ($15.3 million). However, net income fell by 11 per cent in the year.Salalah Flour Mills' 38 founding shareholders are some of the biggest business groups in Oman. The stock was listed in October 1995 and appreciated by 5 per cent in 1996 and 124 per cent in 1997.

In 1998, it lost 43 per cent in line with the general decline of the MSM.

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

	2004	2003	2002
Total Assets	11,617	10,132	9,842
Shareholder's Equity	4,137	4,045	3,482
NIAT	372	884	598
Dividends	N/A	250	125

	2004	2003	2002
Assets Growth	14.65%	2.95%	4.70%
Earning Growth	-57.94%	47.81%	16.70%
ROaA	3.42%	8.85%	6.21%
ROaE	9.09%	23.48%	18.33%
No. Of Shares	2,500,000	2,500,000	2,500,000
EPS	0.15	0.35	0.24
EPS Growth	-57.94%	47.81%	16.70%
Payout Ratio	N/A	28.294	20.91

	Trailing
PE
PB
DVPS
Div Yield
EV
EV/Equity

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