29 JULY 2014Alba Press Release
Aluminium Bahrain's second quarter net profit drops 25 percent
Edited by : AL CIRCLE
1 min read
Second quarter net profit at Aluminium Bahrain (Alba) - owner of the world's No. 4 aluminium smelter - dropped more than 25 percent to $41 million in the second quarter of 2013 as metal prices fell.
Total sales fell $5 million to $515 million compared with the same period a year ago.
Alba's board recommended a dividend of 12 fils per share, a total of $45 million, the company statement said.
Bahrain's government has approved gas allocation for its planned sixth production line, set to come onstream in 2015, which will add 400,000 tonnes to its 890,000-tonne capacity.
Total sales fell $5 million to $515 million compared with the same period a year ago.
Alba's board recommended a dividend of 12 fils per share, a total of $45 million, the company statement said.
Bahrain's government has approved gas allocation for its planned sixth production line, set to come onstream in 2015, which will add 400,000 tonnes to its 890,000-tonne capacity.
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