Oman's Raysut Cement Q2 net profit dips 2.4 pct

Oman's Raysut Cement reported a 2.4 percent decrease in second-quarter net profit.

  
DUBAI, July 13 (Reuters) - Oman's Raysut Cement reported a 2.4 percent decrease in second-quarter net profit on Wednesday, according to Reuters calculations.

The largest cement firm by market value in the sultanate made 4.82 million rials ($12.52 million) in the three months ending June 30, Reuters calculated based on previous financial statements in lieu of a quarterly breakdown.

This compared with 4.94 million rials in the same period of 2015.

EFG Hermes forecast the company would make a quarterly net profit of 5.58 million rials, while Gulf Baader Capital Markets forecast a net profit of 6.53 million rials.

The company posted a first-half profit after tax of 12.91 million rials, compared to 10.96 million rials a year ago, it said in a statement to the Omani bourse.

($1 = 0.3850 Omani rials)

(Reporting by Tom Arnold; Editing by David French) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))

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