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12-Jul-2016

Oman Cement 2Q16 earnings surge Y-o-Y as operations normalise, but miss estimate

Net income: OMR2.95mn, +83% Y-o-Y, -23% Q-o-Q, -16% EFGe Revenue: OMR14.3mn, +32% Y-o-Y, -10% Q-o-Q, -4% EFGe   Oman Cement Company (OCC) reported 2Q16 headline results, with net profit of OMR2.95mn (+83% Y-o-Y, -23% Q-o-Q), below our OM

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