The Oman OQBI profit growth reflects a powerful combination of strong sales, operational efficiency, and strategic focus. OQ Base Industries (OQBI) reported a sharp 70.6% rise in net profit, reaching OMR12.8 million. This growth highlights the company’s role in boosting Oman’s industrial sector.
OQBI’s financial success stems from higher product sales and solid cost management. Revenue increased by OMR9.2 million, totaling OMR55.5 million. Methanol pricing gains and increased ammonia and LPG sales fueled this jump.
In addition, Oman OQBI profit growth was supported by a 17.3% rise in EBITDA. The company earned OMR24.7 million before interest, tax, and depreciation. This gain was driven by revenue growth, despite higher gas and operational expenses.
Furthermore, OQBI’s smart cost controls helped offset challenges. Finance cost savings added OMR3.3 million to overall profits. Although gas expenses and other provisions rose, strong top-line growth led the company to beat its targets.
The Oman OQBI profit growth also came with production improvements. Methanol and ammonia output climbed by 7.5% to 389Kt. Plant utilization rates exceeded 100%, showing high efficiency and output consistency.
LPG output saw a small dip of 3.4%, landing at 84Kt. However, overall production stayed above the business plan, helping maintain the momentum of OQBI’s performance.
The company also continues to lead in health, safety, and environmental standards. OQBI secured new certifications for plant quality and safety. These achievements confirm the company’s commitment to responsible and sustainable growth.
Notably, Oman OQBI profit growth aligns with national economic objectives. As the only integrated producer of methanol, ammonia, and LPG in Oman, OQBI supports the country’s diversification goals in the energy sector.
Looking ahead, OQBI plans to focus on improving operational efficiency and production output. This includes managing costs, expanding capacity, and maintaining environmental leadership.
In conclusion, OQBI’s financial performance highlights how strategic planning, strong sales, and efficient operations lead to success. The company remains a key force in Oman’s industrial and energy sectors.
