Thursday 14 October 2010

UPDATE 1-Oman's Bank Muscat Q3 profit up 26 pct; beats view | Reuters

Net profit at Bank Muscat BMAO.OM, Oman's largest bank by market value, rose 26 percent in the third quarter, beating analyst's expectations.

The Oman bank posted third-quarter net profit of 25.2 million rials ($65.45 million) compared with 20.01 million rials ($51.97 million) in the same period in 2009, according to Reuters calculations.

The result beat the expectations of analysts polled by Reuters, who estimated an average net profit for the third quarter of 23.18 million rials."

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