Majan Glass Company SAOG announced initial annual unaudited financial results for the year ended December 31, 2013. For the year, the total sales were OMR 7,464,625 against OMR 7,310,107 for the same period a year ago. Loss before Taxation was OMR 217,756 against profit before Taxation of OMR 1,039,615 for the same period a year ago.

Net loss after Taxation was OMR 427,875 against net Profit after Tax of OMR 918,489 for the same period a year ago. The company reported that the drop in the profits during the year under review, were on account of the loss of production and sales due to fire incident on 16 October 2013. The loss is covered by insurance and is under claim and expected to be realized in the year 2014 but the loss has been booked in the year 2013; stock damages resulting from stock kept in open yard, salvaging activities resulting in physical movement on account of frequent unpleasant weather conditions.