Waha Capital (OILC) 2008 FY annual report

2008 FY result list | OILC 2008 FY results - forum topic | Waha Capital - details & pdf annual reports

OILC (listed on ADSM)	Auditor: KPMG
OILC accounts in UAE dirhams
Date of results and share price	AED 0.54 on 27 Jan 2009
Current share price	AED 0.83 on 15 Apr 2009
Chairman	Hussain Jassim Al Nowais
CEO	Samer AlHaj
Balance Sheet (AED)	31 Dec 2007	31 Dec 2008	%Δ	?	notes
Total Assets	4,479,786,000	4,718,309,000	5%
Total Liabilities	(2,638,844,000)	(2,920,439,000)	11%
Shareholders Equity	1,840,942,000	1,797,870,000	-2%
Income Statement (AED)	2007 FY	2008 FY
Revenue (Sales)	418,788,000	443,240,000	6%
Cost of Revenues (COGS)	(283,971,000)	(407,005,000)	43%		Operating Costs
Gross Profit	134,817,000	36,235,000	-73%
Other Income	66,402,000	86,024,000	30%
Other Expenses	(30,488,000)	(82,234,000)	170%
Net Profit	170,731,000	40,025,000	-77%
Minority Interests	0	0
Net Profit due to shareholders	170,731,000	40,025,000	-77%
Earnings Per Share stated	0.11	0.03	-73%
Ratio Calculations	As on 27 Jan 2009
Number of shares outstanding		1,575,000,000
EPS calculated	0.11	0.03	-77%
Price to Earnings ratio (PE)	5.0	21.2			Calculated EPS used
Price to Book Value (PBV)	0.5	0.5	2%
Return on Assets (ROA)	3.8%	0.8%	-78%
Return on Equity (ROE)	9.3%	2.2%	-76%
Return on Sales (ROS) or Profit Margin	40.8%	9.0%	-78%
Dividends
Cash Dividend		5%			Approved at AGM?
Dividend Yield (cash)		9.3%
Share Dividend
Important Dates	Record Date 15 Mar 2009				AGM Date 25 Feb 2009
Comments about Waha Capital FY 2008 results
09 March 2009: AGM date was postponed from 25 February 2009 to 05 March 2009 due to lack of quorum. AGM approved a 5% dividend (appears to be cash, disclosure not supplied). 27 January 2009 (am): Losses on investments impacted Other Income, and are included in Other Expenses. Comprehensive Director's report and CEO report included with financial statements. Some items for 2007 FY restated: Total Assets figure of AED 4,624,797,000 restated as AED 4,479,786,000 Revenue for 2007 FY restated from AED 442,740,000 to AED 418,788,000 Operating costs for 2007 FY restated from AED 305,213,000 to AED 283,971,000 Gross Profit for 2007 FY restated from AED 137,527,000 to AED 134,817,000 Other Income for 2007 FY restated from AED 67,131,000 to AED 66,402,000 Other Expenses for 2007 FY restated. Have your say in the OILC 2008 FY results forum topic, includes directors reports and news, if available.

Disclaimer: ShareWadi.com and DubaiShareTalk.com provide UAE stockmarket related information, but do not offer investment advisory services, or brokerage services. Investing in shares is risky, you can lose some or all of your money and/or other assets. Anything you read on this site should be regarded as the opinion of the author only and is not to be taken as advice to buy, sell, or hold shares and/or other investments. Do not make investment decisions without due diligence and/or professional advice. In particular, do not assume anything you read on this site is correct or accurate. You should make your own investigations to determine if information is accurate and ultimately, you should accept that you and you alone are responsible for any investing decisions you make.

Copyright © ShareWadi.com 2005-2008. Any company names or product names used on this site, discussion forum, and/or communications from anyone associated with this website are the trademarks or registered trademarks of their respective holders.
This page last updated 20-Jan-2009. Company information last updated 27 Apr 2008. E & OE.

Waha Capital (OILC) 2008 FY annual report

Comments about Waha Capital FY 2008 results