Muscat Gases Company (SAOG) (MGMC)

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News

3 November 2020 02:20 PM Muscat Gases posts 26.6% lower profit in 9M

Mubasher: The Muscat Gases Company (MGC), listed on the Muscat Stock Exchange (MSM), witnessed a decrease in its profits during the first nine months of 2020 by 26.6% year-on-year (YoY). The company’s preliminary financial results showed that it …

Financial Results

16 April 2017 02:54 PM Muscat Gases profits down 40%

Mubasher: The unaudited initial financial results of Muscat Gases Company showed a decline in profits by 40.3% year-on-year in the first quarter of 2017, according to a bourse filing. Profits totalled OMR 175,030 in Q1-17 compared to OMR 293,160 …

Financial Results

19 March 2017 11:29 AM Muscat Gases approves dividends of 30 baisas/shr

Mubasher: Muscat Gases Company’s (MGMC) ordinary general meeting (OGM) approved distributing cash dividends of 30 baisas per share or 30% of the company’s capital, according to a company statement. The company’s capital amounts to OMR 3 million …

Cash Dividends

18 January 2017 09:54 PM Muscat Gases profits down 59% in Q4

Mubasher: The initial financial results of Muscat Gases Company showed a 59% decline in net profits in the fourth quarter of 2016, according to a bourse filing. Profits totalled OMR 117,880 ($305,088) in Q4-16 compared to OMR 290,000 ($750,556) in …

Financial Results

17 July 2016 09:25 AM Muscat Gases Q2 profits slashed 50%

Mubasher: Muscat Gases said Sunday that its earnings for the second quarter of 2016 declined by 50% year-on-year to OMR 200,540 ($515,600) from OMR 404,420 ($1.04 million), according to a bourse filing. On a six-month basis, the company earned OMR …

Financial Results

19 April 2016 00:21 PM Muscat Gases’ Q1 profit down 13%

Mubasher: Muscat Gases Company’s profits declined in the first quarter of fiscal 2016 by 12.8% year-on-year. Net profit reached OMR 293,160 ($759,480) in Q1-16, versus OMR 336,130 ($870,800) in Q1-15, according to the company’s financial …

Financial Results

27 March 2016 02:26 PM Muscat Gases’ shareholders approve 35% cash dividends

Mubasher: Muscat Gases Company’s shareholders agreed Sunday on the board of directors’ recommendation to distribute cash dividends at 35% of the capital (35 Baisas per share) for the fiscal year 2015, totalling OMR 1.05 million ($2.73 million). …

General Assembly

9 February 2016 10:18 AM Muscat Gases proposes distributing 35% of capital as dividend

Mubasher: Muscat Gases (MGMC) board of directors recommended distributing cash dividends at 35% of capital, pending the approval of the company’s annual general meeting to be held on 24 March. The company achieved OMR 1.30 million ($3.37 million) …

Management Decisions

28 January 2016 11:21 AM Muscat Gases profits fall 4.4% in FY15

Mubasher: Muscat Gases Company reported a 4.4% profit decline to OMR 1.30 million ($3.37 million) in the fiscal year 2015, compared to OMR 1.36 million ($3.52 million) in the fiscal year 2014, according to a bourse filing. The company’s revenues …

Financial Results

22 April 2015 08:31 AM Announcement of Land Acquisition

Muscat Gases Company SAOG is pleased to announce that it has acquired on 20th April 2015 a plot of Land in Ghala heightsindustrial in Bowsher area measuring 2005 sq meters. The cost  incured till date towards  acquisition of the land are …

25 March 2015 07:43 AM Muscat Gases Co.SAOG - Resolution passed in AGM held on 24th March 2015

Annual General Meeting (AGM) of Muscat Gases Company SOAG was held at 5 pm on Tuesday, 24th March 2015 at Park Inn Hotel – Al Khuwair and the following resolutions were passed in the meeting. The Shareholders approved the Board of Directors …

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 …

Market News