Sunday, 13 October 2013

Oman's Bank Dhofar Q3 net profit declines 10.8 pct | Reuters

Oman's Bank Dhofar Q3 net profit declines 10.8 pct | Reuters:

"Bank Dhofar, currently in talks to merge with smaller rival Bank Sohar, recorded a 10.8 percent decline in third-quarter net profit, Reuters calculated on Sunday.

Oman's second-largest bank by market value made a profit of 8.3 million rials ($21.6 million) in the three months to Sept. 30 compared to a profit of 9.3 million rials in the prior-year period, Reuters calculated from previous financial statements.

Two analysts polled by Reuters had estimated a quarterly profit of 9.2 million rials and 8 million rials respectively."

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