03 AUGUST 2011aluminiumtoday.com
Alba sales up, but net income down
Edited by : AL CIRCLE
1 min read
Aluminium Bahrain reported a Q2 rise in sales earnings but net income was down for the period.
Sales reached $645M in Q2 2011 as compared to $534M in Q2 2010 while net income fell nearly 22% to $185M from 237M in the corresponding period the year before. It blamed unrealised derivative gains for the decline.
Production rose 3.5% in Q2.
Sales reached $645M in Q2 2011 as compared to $534M in Q2 2010 while net income fell nearly 22% to $185M from 237M in the corresponding period the year before. It blamed unrealised derivative gains for the decline.
Production rose 3.5% in Q2.
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