Oman and Emirates Investment Holding Company (OEIHC) 2007 Q3 financial report

2007 Q3 result list | OEIHC forum | Oman and Emirates Investment Holding Company - details & pdf financial statements

OEIHC (listed on ADSM)

Auditor:

Original statements supplied in Omani riyals

Exchange rate OMR 1 = AED 9.54 or AED 1 = OMR 0.105

Date of results and share price

AED 26.95 on 18 Nov 2007

Current share price

AED 1.05 on 15 Apr 2009

Chairman

Mr Khalil Mohammed Sharif Folathy

CEO

Awad Bamakhalef

Balance Sheet (AED)

31 Dec 2006

30 Sep 2007

%Δ

notes

Total Assets

699,010,246

830,384,133

19%

Total Liabilities

(411,576,282)

(459,759,807)

12%

Shareholders Equity

287,433,964

370,624,326

29%

Income Statement (AED)

2006 Q3

2007 Q3

Revenue (Sales)

5,219,412

5,847,920

12%

Cost of Revenues (COGS)

(2,006,337)

(3,913,033)

95%

Gross Profit

3,213,075

1,934,888

-40%

Other Income

27,492,358

61,806,220

125%

Other Expenses

(6,644,353)

(9,188,086)

38%

Net Profit

24,061,080

54,553,022

127%

Minority Interests

(1,146,097)

(254,277)

-78%

Net Profit due to shareholders

22,914,983

54,298,745

137%

Earnings Per Share stated (annualized)

3.05 (12.21)

7.24 (28.97)

137%

Ratio Calculations

As on 18 Nov 2007

Number of shares outstanding

7,500,000

EPS calculated (annualized)

3.06 (12.22)

7.24 (28.96)

137%

Price to Earnings ratio (PE)*

2.2

0.9

Calculated EPS used

Price to Book Value (PBV)

0.7

0.5

-22%

Return on Assets (ROA)*

13.1%

26.2%

99%

Return on Equity (ROE)*

31.9%

58.6%

84%

Return on Sales (ROS) or Profit Margin

439.0%

928.5%

111%

*Based on annualized profits

Comments about Oman and Emirates Investment Holding Company Q3 2007 results

As OEIHC is an investment company, it's not straightforward trying to make a distinction between ordinary and extraordinary income. The table below is what we think is a reasonable approximation. There are still odd looking conclusions though - the outrageously high profit margin for example, which is all but meaningless.

Calculations from Company Income Statement (all amounts in OMR)

Revenue (OMR)	2006Q3	2007Q3
Interest income	39671	69708
Brokerage commission income	90894	40322
Realised gain on sale of investments	408585	501911
Dividend income	7922	1008
Total Revenue	547,072	612,949
Cost of Revenues (OMR)
Portfolio management fees	54503	62412
Finance costs	155791	347732
Total Costs of Revenue	210,294	410,144
Gross Profit = Revenue - Cost of Revenues	336,778	202,805
Other Income (OMR)	2006Q3	2007Q3
Unrealised gain on trading investments	2819370	2126064
Profit on revaluation of investments	0	0
Other income	62238	22013
Share of net profit from associates	0	4330134
Total Other Income	2,881,608	6,478,211

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This page last updated 20-Jan-2009. Company information last updated 11 Aug 2008. E & OE.