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Oman's Raysut reports 64% surge in profit
- Oman: Monday, February 11 - 2013 at 05:10
Omani cement maker Raysut has posted a 64.1% growth in net profit to OR24.53m for 2012, compared with OR14.95m recorded in the previous year, Times of Oman has reported. The sultanate's biggest cement producer said its revenue also moved up to OR92.8m from OR83.81m, while cost of sales edged up to OR62.88m from OR61.86m. Fourth-quarter net income also climbed 65% year-on-year to OR7.7m, the firm said.
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