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Directors Report : English / Arabic Notes :
English / Arabic
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Directors Report On the Nine months results (unaudited) for the Period May 2008 to January 2009.
Dear Shareholders,
On behalf of the Board, I have pleasure to submit the nine months unaudited results for the period May 2008 to January 2009.
Sales for the nine months period May 2008 to January 2009 were Rials 4,503,000 compared to Rials 4,078,000 for the same period last year. Gross profit for the period was Rials 1,187,000 compared to Rials 1,124,000 for the same period last year.
The international oil prices in the third quarter decreased, also there was decline in the raw material prices except the Alfalfa which remained stable. The effect of this would be realized in the coming months
Hence the net profit for the nine months period May 2008 to January 2009 before taxation after depreciation was Rials 25,000 compared to Rials 104,000 for the same period last year.
I have the greatest honour in extending my gratitude and respect to His Majesty Sultan Qaboos Bin Said, and his benevolent Government with prayers to God, the Almighty for blessing Oman and its citizens with all peace and progress under the great patronage of His Majesty Sultan Qaboos Bin Said.
Yours faithfully, For Oman Agriculture Developement Company (SAOG)
Mohd Suleiman Al Ismaily Chairman |
