Majan Glass SAOG (MGCI)

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News

12 April 2017 10:24 AM Majan Glass Q1 losses deepen 9%

Mubasher: Majan Glass Company’s losses rose 9.4% in the first quarter of 2017 compared to Q1-16, the company’s financial statements showed. Majan lost OMR 263,670 ($682,380) in Q1-17, compared to OMR 240,930 ($623,530) in Q1-16, according to the …

Financial Results

14 October 2016 00:59 PM Majan Glass Q3 losses shrink 48.53%

Mubasher: The unaudited financial statements of Majan Glass reported a decrease of 48.53% in losses during the third quarter of 2016. Losses shrank to about OMR 251,310 ($650,500) in Q3-16 from nearly OMR 488,280 ($1.26 million) in Q3-15, …

Financial Results

14 July 2016 01:26 PM Majan Glass losses down 23% in Q2-16

Mubasher: Majan Glass Company’s unaudited financial results showed that its net losses retreated 23.24% in the second quarter ended on 30 June 2016. Net losses reached OMR 454,714 ($1.2 million) in Q2-16, versus OMR 592,418 ($1.5 million) in …

Financial Results

21 March 2016 11:38 AM Majan Glass’ OGM confirms 10% cash dividends

Mubasher: Majan Glass Company’s ordinary general meeting (OGM) agreed Sunday in the board of director’s recommendation to pay cash dividends at 10% of the capital, equivalent to 10 Baisas per share, for the fiscal year 2015. The company is …

Cash Dividends

23 February 2016 03:38 PM Majan Glass shareholders to mull results, dividends 20 March

Mubasher: Majan Glass Company invited on Tuesday its shareholders to attend the annual ordinary general meeting (OGM) on 20 March to resolve on the financial results and cash dividends for 2015. The OGM should also look into the auditor’s report …

Event

10 February 2016 02:25 PM Majan Glass recommends 10% cash dividends

Mubasher: Majan Glass said its board of directors recommended  cash dividends for FY15 at 10% of paid-in capital, or OMR 420.230 (10 baisas per share).  The upcoming general ordinary meeting, to be held on 20 March 2016, will discuss the board's …

General Assembly

27 January 2016 11:06 AM Majan Glass losses rocket up 2374% in 2015

Mubasher: Oman’s Majan Glass Company posted on Wednesday net losses after tax of OMR 1.6 million in 2015, versus OMR 65.02 in 2014, a massive increase of 2374.32%. Total sales reached OMR 9.8 million last year, compared to OMR 9.4 million a year …

Financial Results

13 October 2015 08:51 AM Initial (Unaudited and to be approved by Board) Financial Results for Q3 of 2015

Majan Glass Company SAOG         In compliance with circular (E/5/2014) issued by CMA, the Company is please to report the Initial unaudited Financial Results (not yet reviewed and approved by Board) for the 3rd quarter ended 30th September 2015   …

14 July 2015 00:06 PM Initial (Unaudited and to be approved by Board) Financial Results for Q2 of 2015

Majan Glass Company SAOG         In compliance with circular (E/5/2014) issued by CMA, the Company is please to report the Initial unaudited Financial Results (not yet reviewed and approved by Board) for the 2nd quarter ended 30th June 2015       …

24 June 2015 11:35 AM Majan stock registers 6-year low level

Majan Glass stock saw a decline on price level, reaching its lowest level in six years. The stock fell to OMR 0.220, retreating 9.84% on a daily basis, after nearly 12,000 shares were traded with a total value of OMR 2,640.    

Trading Activities

2 June 2015 08:57 AM Revision of Depreciation Policy

ANNOUNCEMENT   Preface The Board of Directors of Majan Glass Company SAOG had invited a Technical Consultant for evaluating the estimated balance lives of all the Plant and Machinery equipments with a view to determining a common policy for …

15 April 2015 07:46 AM Initial (Unaudited and to be approved by Board) Financial Results for Q1 of 2015

Majan Glass Company SAOG         In compliance with circular (E/5/2014) issued by CMA, the Company is please to report the Initial unaudited Financial Results (not yet reviewed and approved by Board) for the quarter ended …

2 April 2015 01:18 PM Announcement

Announcement:   The Board of Directors of Majan Glass Company SAOG would like to inform the Shareholders that, the following appointments have been formally decided in the Board Meeting: BM/015/02 held on 1st April 2015.   Board of …

19 March 2015 07:53 AM Decision taken in AGM held on March 18, 2015

The shareholders of Majan Glass Company SAOG, during their Annual Ordinery General Meeting for the year 2014 held on Wednesday, March 18, 2015 at 3.00 PM at Businessmen Hall of Capital Market Authority in Ruwi where in the shareholders have given …

8 December 2014 02:59 PM Majan Glass to see rising annual cost after gas price hike

 In its statement to the Muscat Securities Market (MSM), Majan Glass announced receiving a notification from the Public Establishment for Industrial Estates (PEIE) in  November 2014 informing it of a price increase in natural gas starting January 1, …

Company News

8 December 2014 07:23 AM Increase in the price of Natural Gas

ANNOUNCEMENT We have received a notification from the Public Establishment for Industrial Estates, Sohar Industrial Estate dated 23rd November 2014 about the price increase of natural gas from 20.50 baizas to 41 baizas per standard cubic meter …

24 November 2014 09:18 AM Fire accident intimation

FIRE ANNOUNCEMENT We wish to inform you all that there was a small fire at Majan Glass Company SAOG on the 23rd November 2014 at the backyard store of the company at around 12.30 afternoon and was brought under control by the team of  Majan Glass …

14 October 2014 01:39 PM MGC Q3-14 profit surges

Majan Glass Company (MGC) reported its unaudited financials for the third quarter of 2014 ending September 30, 2014, achieving a net profit of approximately OMR 280.112 THD against OMR 212.585 THD in the prior year, …

Company News

14 September 2014 03:38 PM Revised MSM Sharia Index begins trading Sunday

The Muscat Securities Market (MSM) has revealed that the revised Shariah Index, which consists of 32 listed companies, will begin trading on Sunday, September 14, reported Muscat Daily, adding that MSM revises the sample …

Banking and Finance

10 September 2014 02:37 PM MSM gains OMR 30 mln, targets 7700 pts

Muscat Securities Market (MSM) indices rose at the end of Wednesday’s session. The benchmark index rose by 0.43% or 32.40 points to close at 7547.65 points. The Sharia Index increased by 0.42% to 1083.26 points.Market …

Stock Evaluations

27 August 2014 02:05 PM MSM rebounds after three-session fall; MSM30 adds 0.32% amid high liquidity

Muscat Securities Market (MSM) indices ended Wednesday in the green, following a three successive-session decline, as the market’s benchmark index MSM30 surged by 0.32% or 23.63 pts to 7345.76 pts, while Al Sharia Index edged up …

Banking and Finance