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Oman’s Raysut Cement Q4 Net Rises 9.2%, Misses Forecasts

Oman’s Raysut Cement Q4 Net Rises 9.2%, Misses Forecasts

The company made a profit of OMR6.55 million($17.0 million) in the last quarter of 2014.

Oman’s Raysut Cement reported a 9.2 per cent increase in fourth-quarter profit after tax on Thursday that missed analysts’ estimates, according to Reuters calculations.

The company made a profit of OMR6.55 million($17.0 million) in the three months to Dec. 31, up from OMR6.00 million in the prior-year period, Reuters calculated based on the company’s financial statements and Reuters data.

Analysts polled by Reuters had on average forecast Raysut’s quarterly profit would be OMR7.55 million.

The firm made a profit of OMR27.43 million in 2014, versus a profit of OMR27.53 million in 2013, according to a statement to Muscat’s bourse.

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