Bank Muscat profit up 1.3%, meets estimates

Bank

Muscat, Oman’s largest lender, posted a 1.3 per cent increase in fourthquarter net profit yesterday, according to Reuters calculations, in line with analysts’ estimates. The bank made a profit of 39.7 million riyals (Dh379.2 million, $103.2 million) in the three-month period ending December 31, up from 39.2 million riyals a year earlier. Bank Muscat didn’t disclose a quarterly breakdown of its earnings so Reuters calculated the figure based on previous financial statements. (Reuters)