Aluminium Bahrain B.S.C. (Alba), the world's largest smelter ex-China, has announced its fourth quarter and full-year results for 2024, reporting an impressive growth in financial output, coincided with its new high of net finished production at 1,622,261 tonnes.
Image source: Aluminium Bahrain B.S.C.
Fiscal figure
In the fourth quarter of the year, the company yielded a profit of BD37.1 million (US$98.6 million), which was 58.5 per cent higher than a profit of BD23.4 million (US$62.2 million) earned in Q4 2023. For the full year, Alba reported a profit of BD184.5 million (US$490.8 million), up by 56.4 per cent from BD118 million ($313.9 million).
Alba's comprehensive income in Q4 2024 was BD38.1 million (US$101.3 million) against BD16.3 million (US$43.2 million) a year ago – up by 134.4 per cent Y-o-Y. For the full year, the income was BD183.4 million (US$487.8 million) compared to BD106.7 million ($283.8 million) in 2023. Basic and Diluted Earnings per Share was fils 130 in 2024 versus fils 83 in the previous year.
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