STEELGURU
Alba Q3 sales up by 8pct beats forecast
Edited by : AL CIRCLE
1 min read
Aluminum Bahrain sales volume for the Q3 surged 8.4% to 220,608 tonnes compared to 203,474 tonnes last year beating the company’s own forecast.
Mr Laurent Schmitt CEO of Alba said that the production figures for the Q3 hit 222,552 tonnes up 5% compared to 211,854 tonnes last year. In addition, the value added sales represented 67% of the total sales in the Q3 versus 62% for the same period in 2010.
Mr Schmitt said that the sales for September alone increased by 16% compared to 66,191 tonnes in the Q3. Overall, the increase in sales came as a result of higher production by the company thanks to the continuous improvement of its operational efficiency.
He said that the success Alba has delivered in Q3 is primarily due to the dynamic teamwork shown by Alba workforce in enabling the company meet its goals.
He added that we are confident that with the continued support of our loyal employees, Alba remains well placed in sustaining a positive outlook for the company through the remainder of 2011.
Mr Laurent Schmitt CEO of Alba said that the production figures for the Q3 hit 222,552 tonnes up 5% compared to 211,854 tonnes last year. In addition, the value added sales represented 67% of the total sales in the Q3 versus 62% for the same period in 2010.
Mr Schmitt said that the sales for September alone increased by 16% compared to 66,191 tonnes in the Q3. Overall, the increase in sales came as a result of higher production by the company thanks to the continuous improvement of its operational efficiency.
He said that the success Alba has delivered in Q3 is primarily due to the dynamic teamwork shown by Alba workforce in enabling the company meet its goals.
He added that we are confident that with the continued support of our loyal employees, Alba remains well placed in sustaining a positive outlook for the company through the remainder of 2011.
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