Oman Cement reported full year net profit of RO24.5 million ($63.64 million) in 2010, slightly higher than the previous year.

The company earned RO24.23 million in 2009.

Fourth quarter profit stood at RO1.69 million, according to Reuters calculations, down from RO7.32 million in the prior-year period. The company did not provide quarterly data.

The quarterly results missed forecasts of analysts who had projected average profit of RO4.34 million rials.

Oman Cement said total expenditure was RO34.6 million last year, down from RO44.56 million in 2009.-Reuters