Oman's Raysut Cement drop 2.4% in Q2
Published by Joseph Green,
Editor
World Cement,
According to multiple sources, Oman's Raysut Cement reported a 2.4 % decrease in second-quarter net profit.
The cement firm made 4.82 million rials (US$12.52 million) in the three months ending June 30.
This compared with 4.94 million rials in the same period of 2015.
Forecasts predicted a quarterly net profit of 5.58 million rials.
The company posted a first-half profit after tax of RO12.91 million, compared to RO10.96 million a year ago.
Edited from sources by Joseph Green. Sources: Zawya, Trade Arabia
Read the article online at: https://www.worldcement.com/africa-middle-east/14072016/oman-raysut-cement-drop-q2-528/
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