Oman’s Raysut Cement Q1 net profit rises 34 per cent

14/04/2016 08:01 AST

Oman’s Raysut Cement reported a 34 per cent increase in first-quarter net profit on Wednesday, according to a bourse statement.

The largest cement firm by market value in the sultanate made OMR8.08 million in the three months ending Mar. 31, compared with OMR6.03m in the same period of 2015.

Analysts at EFG Hermes and Gulf Baader Capital Markets forecast Raysut would make a quarterly net profit of OMR5.70m and OMR5.83m respectively.


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