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The government of Oman modernizing of infrastructure and
expansion, of airports and seaports, roads and sanitation projects,
and increase the capacity of electric power and water and the
construction of railways, will have a significant impact on the
growth of the economy and thereby increase the GDP of Oman and grout
hog local income and improve the standard living of individuals by
increasing the absorption of the human resources of Oman to work in
these projects.
Therefore, the establishment of these large development projects,
with economic growth and development of the Sultanate of expert
analysis by economists, will be reflected positively on all sectors
of commerce, industry, tourism and real estate during the current
plan, God willing, 2011-2015
The way in which the company's completion of its work:
The company has the financial and management policy which conformity
with the instructions received from the organization that followed
by the company. as will as the responsibilities, procedures and
duties of the staff fully implemented with the ongoing monitoring.
Investment opportunities and obstacles:
Since the company establishment, the company followed the
diversification policy of its investments in all economic sectors,
including local and regional, where the diversity policy will tend
to reduce the degree of the risk to a minimum levels in line with
the investment policy of the company's.
The company activities and operations:
The activities and operations of the company is to search for the
investment opportunities in the companies with good return and
investment in these companies, as a partner or shareholders in order
to activate the investment process and the operations activities of
those companies and thus to achieve a good return.
Internal control system and its relevance:
The management of the company are fully aware of its
responsibilities towards all of the shareholders and the customers,
and as a part of these responsibilities and to ensure that all the
company's operations are managed efficiently and effectively, the
company's internal control system is highly active Through the
Internal Audit department, which is checked on all the activities of
the company's internal and external, and evaluate internal control
systems through periodic reports and the results of these
evaluations directly present to the Audit Committee then to the
Board of Directors, which meets regularly.
The financial performance and operational performance of the
company:
|
Un-audited Results for the three month period |
PARENT |
PARENT |
|
Consolidation |
Consolidation |
|
31/12/2010 |
31-Des-09 |
|
31/12/2010 |
31-Des-09 |
|
Total Income |
1,534,160 |
2,940,112 |
|
4,061,454 |
5,807,858 |
|
Total Expenses |
494,928 |
467,104 |
|
2,708,672 |
3,296,112 |
|
Other comprehensive income |
(908,161) |
(3,205,770) |
|
(1,601,630) |
(197,120) |
|
Net Profit |
131,071 |
(732,762) |
|
(248,848) |
2,314,626 |
|
Net Profit attributable to the Parent Company |
131,071 |
(732,762) |
|
(140,031) |
2,411,873 |
|
EPS – Rail Omani |
0.004 |
0.0002 |
|
0.002 |
0.012 |
|
|
|
|
|
|
|
|
|
PARENT |
PARENT |
|
Consolidation |
Consolidation |
|
|
31/12/2010 |
31/12/2009 |
|
31/12/2010 |
31/12/2009 |
|
Total Assets |
36,586,750 |
38,924,377 |
|
39,094,889 |
43,686,354 |
|
Total Liabilities |
2,673,911 |
5,015,180 |
|
3,285,265 |
6,504,858 |
|
Net Assets |
33,912,839 |
33,909,197 |
|
35,809,625 |
37,181,496 |
|
Net Assets attributable to the Parent Company |
0 |
|
|
35,334,156 |
36,420,634 |
|
Net Assets per share – Rail Omani |
0.113 |
0.113 |
|
0,117 |
0.121 |
The company Outlook:
We are always working to improve the performance and to provide the
best services to the customers.
based on the policy of investment diversification of the company's,
we will be able to achieve the growth in the profits of 2010 and in
the future years, and we look forward to as much as possible without
effecting on the service of our reduce the expenditures reduce .
The management of the company hopes to maintain this good
performance over the coming years, this confidence stems from what
has been accomplished during the past period and the financial
situation in light of the excellent policies and the government's
economic vision.
As well as, the company looks forward to provide appropriate
opportunities for further investment in the various activities in
the private sector, which is an expansion of its activities.
Jamal Said Rajab Al-Ojaili
Executive President |