Alba reports higher sales & production volumes in Q1 2017
Alba has reported production and sales results for the first quarter of 2017. Aluminium Bahrain started 2017 with strong sales and production volume registering an increase of 4.9% and 5.6% YoY respectively.
Sales volume in the first quarter of 2017 totalled 242,932 tonnes compared to 231,538 tonnes in Q1 2016 while production volume totalled 248,776 tonnes, an increase of 13,298 tonnes in comparison with 235,478 tonnes for the same period in 2016.
Commenting on Alba’s Sales volume and Production for Q1 2017, Alba’s Chief Executive Officer, Tim Murray said:
“We are pleased to finish the first quarter of 2017 with this strong volume momentum in our Sales and Production…We were able to step-up our performance thanks to our plant reliability, integrated marketing approach and most importantly our people who aim to exceed the Company set-targets.”
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Other than primary metal Value-Added (VA) sales also jumped to 56% in this quarter versus 52% in Q1 2016.
ALBA will release its Q2 2017 Financial Results to the public on Sunday, April 23, 2017 and the presentation will be available in the investor relation section of its website.
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