Publicly-listed Dhofar Poultry Company – Oman’s first major poultry farm - says it will be granted land in the Thamrait area of Dhofar Governorate to build a new integrated facility for its operations.
“As part of Oman Vision 2040, the government is in the process of allotting land to us at Al Hashman, Thamrait for integrated operations with feed mill, parent birds and broiler farms,” Salim bin Abdullah al Awadi, Chairman, stated in the Directors’ report of the company’s financial performance for Q3 2022.
Established in 1996, Dhofar Poultry Company is billed as a pioneer in the organised corporate sector engaged in poultry farming, processing and marketing of fresh and frozen whole chicken, as well as portions.
Located in Raysut, the company’s operations encompasses 48 modern poultry houses, state-of-the-art hatchery, and modern processing plant. Besides supplying the domestic market, the company also exports its products to the UAE, Qatar and Bahrain. Output of around 8,000 metric tonnes per annum was projected to rise to 10,000 MT.
The company posted a net loss of RO 472.03K for the nine months ended September 30, 2022, compared with a net loss of RO 484.97K for the corresponding period of 2021.
Al Awadi attributed to the loss to a number of factors, chiefly to the higher cost of hatching eggs, feed and distribution. He cited in this regard the international prices of food grain, which continue to remain elevated in the wake of the Ukraine-Russia conflict.
However, the gross profit climbed 13.9 per cent to RO 137.20K for the period in part due to an uptick in the prices of chicken sales, which came into effect in the UAE from the second quarter of this year. The increase also came into effect in the Sultanate of Oman from September 1, 2022 following approval from the Consumer Protection Authority, he stated.
Boding well for the company’s improved performance, the Chairman noted, is the increase in poultry meat demand in the domestic market coupled with reducing imports from Europe.
“Management is targeting high value product consumer segments by improving product quality and introduction of new value added products. The Company is also working with strategic partners to increase local and regional sale volume and increase operational efficiency,” he added.
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