Oman's Raysut Cement Q3 net profit falls 22.7 pct - Reuters calculations

Net profit of OMR3.75 million ($9.75 million) in the three months ending Sept 30.

  
Image used for illustrative purpose. Visa ban has drastic effect on Omani real estate prices.

Image used for illustrative purpose. Visa ban has drastic effect on Omani real estate prices.

REUTERS/Sultan Al Hasani
DUBAI, Oct 13 (Reuters) - Oman's Raysut Cement reported a 22.7 percent drop in third-quarter net profit on Thursday, according to Reuters calculations.

* Net profit of 3.75 million rials ($9.75 million) in the three months ending Sept. 30, versus 4.85 million rials a year earlier.

* Reuters calculated based on financial statements in lieu of a quarterly breakdown.

* EFG Hermes forecast: 4.70 mln rials. Gulf Baader Capital Markets forecast: 4.92 mln rials.

* Raysut nine-month net profit 16.66 billion rials, up from 15.81 million rials a year ago, a bourse statement said.

($1 = 0.3846 Omani rials)

(Reporting by Hadeel Al Sayegh; Editing by David French) ((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))

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