The financial results for 9 months ended 30 September 2008

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OCI’s DR Site Inaugurated

Oman Cables Industry SAOG (OCI) is keeping pace with changing times by aligning its IT Strategy with its Business Strategy, resulting the best value delivery to its customers

The management of OCI recently took an enterprising step by implementing a Disaster Recovery Center (DRC) at a site around 200km from its main office.

Mr. Hilal Hamad Al Ahasani, Chief Executive Officer of PEIE – Public Establishment for Industrial Estate e-inaugurated this facility by remotely logging into the DRC from OCI’s operations at Rusayl in the presence of Mr. Hussain Salman, Vice Chairman & Managing Director, Mr. Hans Meiring, Chief Operating Officer and other senior management officials of OCI on 11-Sept-2008 at 12:30 hrs.

While appreciating the initiative Mr. Hilal Al Ahasani said that an awareness need to be created among other industries in Oman about the seriousness of the subject.

Mr. Hussain Salman said that this is yet another milestone and shows OCI’s commitment to its customers in ensuring business continuity in the event of major catastrophe such as earthquake, cyclone, flood etc. Mr. Hussain Salman offers OCI’s experience and assistance to other industries through PEIE in this regard.

Mr. Sajid Ali, Senior Manager - IT explained that all the business critical data is being sent to the DRC online using a dedicated leased data line. Regular drills are conducted to ensure its effectiveness, and the site is monitored remotely as a cost effective measure.

Apart from DRC, the company also has comprehensive preventive systems and High Availability systems to ensure quick resumption in case of any disruption.
 

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H1 2008 Financial results

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Oman Cables Industry Supports AEI

OCI management has strong philosophy to play an active role in the development of the Omani Society thorough its Corporate Social Responsibility (CSR) over the years and supports various organizations with a true spirit that are dedicated to social, medical, physical and academic programmes with a view to provide quality of life for the less fortune in the Society.

The Company’s Management has made significant donation to support Children through the Association of Early Intervention for Children with Special Needs(AEI) - a 100% charitable organization that looks after children with special needs upto the age of six years.

While appreciating the good work done by the AEI, Mr. Hussain Salman Al Lawati, Vice Chairman & Managing Director of the Company personally handed over the cheque to Mr. Hassan Mohammed Al Moosa of AEI on 23-June-2008 at their Rusyal office in the presence of Company’s senior officials including Mr. Hans Meiring, Chief Operating Officer and assured OCI’s continued support to AEI for the other programmes as well.
 

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Two Prestigious Oman Awards to OCI

In the glittering ceremony held on 10th May 2008 to announce “The Flame of Excellence” & other Awards to honour achievement and further development in Oman’s private sector for 2007, OCI has been declared as:

- Winner of “Exporter of the Year – 2007”.

- Winner of Overall “Flame of Excellence – 2007”.

OCI’s pursuit of excellence has been recognized once again and OCI has repeated the dual crowning for 2nd year in succession!

Flame of Excellence Award is awarded for overall excellence in all the fields and Exporter of the Year Award is awarded for the Best Export track record.

For 2004 – Flame of Excellence

For 2005 – Exporter of the Year

For 2006 – Exporter of the Year & Flame Of Excellence

For 2007 – Exporter of the Year & Flame of Excellence

OCI is the largest manufacturing Company in Oman with sales in excess of US$ half billion in 2007. 65% of sales are exported to 21 countries across all the continents. OCI contributes 11% of Oman’s non-oil exports. With a workforce of 569 employees OCI has 51% Omanisation compared to the 35% stipulation.

OCI Management congratulates & places on record its deep appreciation of all its employees & salutes their continued endeavour towards journey of excellence.

OCI Management is indebted to its Board of Directors, Shareholders, Stakeholders, Associates, Bankers, Customers for their unstinted support & guidance to achieve such and many more recognitions in future.

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“Indian Ambassador Visit to Oman Cables”

At the request of Oman Cables Industry (SAOG), HE Anil Wadhwa, Ambassador of India, Sultanate of Oman visited the Company’s Head Quarters and its manufacturing facilities in RIEA on 23-Apr-2008.

The senior management of the Company accompanied the Ambassador and the Second Secretary on a plant tour to view its state-of-the-art manufacturing facilities. The Ambassador had the opportunity to meet and interact with Indian nationals employed in OCI at all levels.

The visit included a presentation session giving an overview of the OCI’s history, its growth since inception in 1987, its contribution to the national economy & in nation building; a new Oman. The visit also highlighted OCI’s joint venture company viz., Associated Cables Pvt Ltd., Mumbai, India where OCI has the management control.

On the occasion and to commemorate the visit, both Mr. Hussain Salman, Vice Chairman & Managing Director of the Company and HE Anil Wadhwa had exchanged the mementos.

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Q1 2008 Financial results  

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Annual Staff Day 2007 12-Mar-2008
Oman Cables had organized its Annual Staff Day for the year 2007 on 12th March 2008; Wednesday at Shangri La Barr Al Jissah Resort from 7:00 pm onwards. This year it was very special since OCI celebrated its 20th year of operations with consistent year-on-year Growth.

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OCI celebrated environment day In line with OCI's principals of upholding social awareness issues, OCI celebrated environment day on 24th Jan 2008 by organizing cleanliness & awareness drives in and around factories in Rusayl Industrial area.

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3rd Algeria Electricity Exhibition OCI participated first time in 3rd Algerian Electricity exhibition in order to mark its presence in North Africa . OCI will continue to participate in such events from time to time to increase its presence and market share in African Continent.

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Egypt Exhibition
Oman Cables Industry participated in Electricx -2007 :- In order to strengthen and build new customer chain in MENA market OCI participated 2nd time in ELECTRICX 2007.Exhibition was held in Cairo international exhibition center Egypt.

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OCI arranged Outing on 19-Dec-2007 at Al Sawadi Beach Resort especially for shop-floor employees.

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OCI received a Certificate of Recognition From “Port Services Corporation SAOG”  for the year '2006 at a glittering function at Grand Hyatt on 2nd December '2007, for Highest Number of Import containers through “Port Sultan Qaboos”.

OCI has imported the following containers
'2005     2654 Containers
'2006     4420 Containers
'2007     6000 Containers

OCI Management wishes to congratulate the Logistic team for their significant contribution to OCI and capability in managing the above growth.

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OCI arranged staff family gathering at Al Sawadi beach resort hotel on 28th Nov 2007. We work hard we plat hard.

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Oman Cables Industry achieved the unique distinction of receiving both Flame of Excellence Award and Exporter of the Year Award for 2006. The awards were received at a grand gala function conducted on 12th May 2007 by the organizers. These awards are a private sector driven initiative to recognize corporate achievements in Business Excellence, Export Promotion, Tourism and Environmental Management.

This is not the first time that Oman Cables has won these awards. Oman Cables received the Flame of Excellence award in 2004 and was adjudged a finalist for the same in 2005. The company was a finalist in 2004 for Exporter of the year award and won the same in 2005. These awards are a testimony to the consistency in company's superlative performance.

Oman Cables Industry celebrated Annual Staff day on 28th Feb 2007 in Muscat Intercontinental Hotel to celebrate the performance of the year 2006 and to felicitate performance of outstanding and long service employees.

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Oman cables was the proud winner of two trophies at the OER Corporate Challenge held on 31st Jan & 1st Feb '07 in which the best of the Oman Corporate World took part. The competition was a combination of intellectual & physical skills spread over two grueling as well as fun filled days.

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Oman cables participated in Khartoum International Fair :- Oman cable is focusing & targeting MENA Market very seriously.

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OCI undertook Environment Walk:- Senior Executives and employees of Oman Cables Industry ( SAOG ) on Thursday 1st Feb took part in an environment walk in Rusayal. OCI has always been prudent corporate citizen. And its endeavor to contribute to the well being of its employees and society said Vice chairman and Managing director of OCI said

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EGYPT EXHIBITION
Oman Cables Industry participated in Electricx -2006 :- In order to strengthen and build new customer chain in MENA market OCI will participate in all potential exhibitions Electricx-2006 exhibition was held in Cairo international exhibition center Egypt.

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Oman Cable holds blood donation camp
This was a unique imitative by OCI's HSE Dept. and was held for the first time at the OCI factory. One complete hall was allocated at the OCI's Rusayl office for the camp. MOH officials expressed their satisfaction about the overwhelming response from the OCI's employee for this noble cause.

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Press Release - 2006 H1 Performance
OCI has grown by 360 per cent in the last five years, from RO 16.6 million in 2001 to RO 60.6 million in 2005, with an average annual growth of about 36 per cent both in revenue and performance. OCI's new thrust is to 'Go Global', said Hussain Salman, Managing Director of the company. Keeping this in view, OCI has expanded its market territory globally, across the Pacific and Atlantic. This is a landmark in the history of OCI, which is further exploring its business in other parts of the globe.

"With growth comes new challenges, which need changes to achieve them. Change is inevitable," Salman said. Changes in the management team include the stepping down by A C Roy from the post of Executive Director, of his own volition. The board has accepted his resignation and relieved him of his duties on July 16. Roy started his association with OCI as General Manager and was elevated to the post of Executive Director. The management appreciated Roy's contribution to OCI.

OCI has announced robust growth in the first half of 2006. Sales touched RO 49.213 million, an increase of 80.9 per cent in revenue compared to the corresponding period last year while net profit stood at RO 3.073 million, which is 241.1 per cent higher compared to the first half of 2005, the company's Managing Director added.

The results are backed by strong pragmatic approach to success, coupled with OCI's internal strength, directed by sound wisdom of the board of directors and supported by a dedicated management team under the astute supervision of Hussain Salman. The company has achieved exceptional growth in the last five years. Regarding employee training, Salman added that every individual employee of OCI would continue to be adequately trained and nurtured to cope with new and growing change required by OCI's international business. Omanisation has been a successful exercise in OCI with the company maintaining 50 per cent Omanisation for the last few years. The management's focus is to Omanise the middle management cadre.

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