Our turnover has been growing steeply from $5.5 million in 2003 to $26 million in 2006. in 2007, we began exploiting fully our newly added Port Stroage Terminal capability to handle bulk purchases and sales in vessel-loads. We now trade bulk volumes, satisfying a latent demand we have always had, giving our turnover a huge boost and our turnover in 2007 was $ 108 million.

Our Net profit has increased steadily. In the year 2007 when Trading grew with our strategy of high volumes, low margin, the overall profit grew 44% whereas profitability reduced from 14.7% to 5.2%. This was as a result of our concerted strategy to achieve leapfrog growth in sales and profits even at the expense of profitability. In the year 2008 and 2009 when our investments in manufacturing will bear fruit with the new refinery becoming a major contributor to business and with grease capacity trebling, the profitability will see revival to the earlier levels with profit reaching nearly AED 200 million.