Oman’s Raysut Cement reported a 34 per cent increase in 1Q16 net profit on Wednesday, according to a bourse statement.
The largest cement firm by market value in the sultanate made OMR8.08m (US$20.9m) in the three months ending 31 March, 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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