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| "To believe in the things you can see and touch is no belief at all. But to believe in the unseen is both a triumph and a blessing" |
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| Performance Highlights (IOC-Middle East-FZE) |
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| Last Updated May 04, 2009 |
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- IOME achieved financial break-even in the year 2007-08 and is likely to record a profit after tax of Rs. 2.11 crore on a turnover of Rs. 50 crore.
- SERVO lubricants were formally launched in Oman during the year.
- During 2008-09, 107 flexi tanks of base oil were supplied as compared to 25 in the previous year. Finished lubes were exported to Oman, Qatar, Yemen, Bahrain, UAE and Nepal.
- 80 drums each of engine oil and gear oil were supplied for the service network of TOYOTA vehicles in Oman.
- During the year, various business possibilities were explored such as marketing of marine lubricants from the port of Fujairah, setting up of bulk tankages at the distributor’s / consumers’ end, setting up of lube blending facilities in UAE on partnership basis, etc.
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