UPDATE 1-Oman's Galfar Engineering Q3 profit falls 63.8 pct

* Q3 net profit of 1.25 million rials

* Profit on contracts, operations fall

* 9-mth profit of 9.72 million rials (Adds background)

By Jason Benham

DUBAI, Nov 8 (Reuters) - Oman's Galfar Engineering & Contracting's GECS.OM third-quarter profit fell 63.8 percent missing analysts' forecasts as profit on contracts and from operations fell.

The firm made a third-quarter net profit of 1.25 million rials ($3.25 million), down from 3.45 million rials in the same period last year.

Galfar made a net profit of 9.72 million rials in the first nine months of the year, without offering a breakdown of the quarterly data.

That compared to 15.95 million rials in the period a year earlier, it said in a statement on the Muscat bourse website.

Profit on contracts for the nine-month period fell 23.5 percent to 19.15 million rials while profit from operations declined 33.4 percent to 13.46 million rials.