Oman's Raysut Cement drop 2.4% in Q2

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