Monday 16 July 2012

UPDATE 1-Oman's Bank Muscat Q2 profit up 19 pct | Reuters

Bank Muscat, Oman's largest lender by market value, posted a 19-percent increase in second-quarter net profit, slightly higher than analysts' expectations.

The bank made a net profit of 35 million rials ($90.9 million) for the three months to June 30, according to Reuters' calculations, up from the 29.4 million rials in the same period last year.

Analysts polled by Reuters had estimated an average second-quarter profit of 33.2 million rials.

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