09 MAY 2014Alba Press Release
Corrigendum: Alba Reports Q1 2014 Results: Strong operational performance despite low LME price
Edited by : AL CIRCLE
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Find below the corrigendum that further explains the total sales revenue for the quarter in the financial highlights section:
Alba’s metal sales for the first quarter of 2014 reached US$ 459 million (BD 172.6 million) compared to US$ 498 million (BD 187.2 million) in Q1 2013 due to lower LME prices (down by 15% YoY).
In addition, Alba generated US$ 27 million (BD 10.1 million) from non-metal sales in the first quarter 2014 bringing Total Sales Revenue to US$ 486 million (BD 182.7 million) versus US$ 498 million (BD 187.2 million) in Q1 2013.
Alba’s metal sales for the first quarter of 2014 reached US$ 459 million (BD 172.6 million) compared to US$ 498 million (BD 187.2 million) in Q1 2013 due to lower LME prices (down by 15% YoY).
In addition, Alba generated US$ 27 million (BD 10.1 million) from non-metal sales in the first quarter 2014 bringing Total Sales Revenue to US$ 486 million (BD 182.7 million) versus US$ 498 million (BD 187.2 million) in Q1 2013.
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