08 OCTOBER 20134-Traders
Aluminium Bahrain sales soar 4.2% in Q3 2013
Edited by : AL CIRCLE
2 min read
Aluminium Bahrain B.S.C (Alba) continues to maintain a positive momentum in Q3 2013 with sales figures up by 4.2% year-on-year to reach 227,758 metric tonnes (mt) versus 218,507 mt in Q3 2012 while production figures increased by 10,377 mt to reach 230,058 mt as compared to the same period of 2012.
Sales figures for the month of September alone rose by 14.7% to reach 94,000 mt.
In addition, Alba continued to capitalise on the sound demand of Value- Added products and closed the third quarter of 2013 with an average of 66% of total shipments versus 65% for the same period in 2012.
Sales figures for the first nine months of 2013 inched up by 2.7% year-on-year to 682,188 mt ahead of the company's own forecast for the period. Production figures year-to-date were up by 3% - reaching 682,785 mt versus 663,214 mt for the same period in 2012.
Commenting on Alba's sales and production for Q3 2013, Alba's Chief Executive, Tim Murray said: "Alba continues to push the envelope to maximise sales and cash flow. Even during this difficult LME environment Alba continues to find ways to grow while competitors are reducing production."
Alba will release its third quarter 2013 financial results and business outlook Press Release to the general public on Thursday, November 07, 2013 as well as upload the investor relations (IR) presentation on its Investor Relations section at www.albasmelter.com.
Sales figures for the month of September alone rose by 14.7% to reach 94,000 mt.
In addition, Alba continued to capitalise on the sound demand of Value- Added products and closed the third quarter of 2013 with an average of 66% of total shipments versus 65% for the same period in 2012.
Sales figures for the first nine months of 2013 inched up by 2.7% year-on-year to 682,188 mt ahead of the company's own forecast for the period. Production figures year-to-date were up by 3% - reaching 682,785 mt versus 663,214 mt for the same period in 2012.
Commenting on Alba's sales and production for Q3 2013, Alba's Chief Executive, Tim Murray said: "Alba continues to push the envelope to maximise sales and cash flow. Even during this difficult LME environment Alba continues to find ways to grow while competitors are reducing production."
Alba will release its third quarter 2013 financial results and business outlook Press Release to the general public on Thursday, November 07, 2013 as well as upload the investor relations (IR) presentation on its Investor Relations section at www.albasmelter.com.
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