Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
23 OCTOBER 2018 AL CIRCLE

Qatar Aluminium’s revenue jumps 10.72% in H1 2018

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Qatar Aluminium (Qatulum) has revealed its total revenue during first six months of the year 2018 ended on June 30, which according to the report has jumped 10.72 per cent year-on-year to $0.74mn. Asia, Middle East, and North Africa have reportedly contributed 57 per cent to the revenue.

{alcircleadd}

Earnings before interest taxes depreciation and amortisation (Ebitda) stood $0.28mn with an Ebitda margin of 39% at the end of June 30, 2018, said the initial public offering (IPO) prospectus of Qatar Aluminium Manufacturing Company (Qamco). It also said The Asia and Mena regions’ revenue accounted for $0.42mn, while North America $0.15mn or 21%, Europe $0.14mn or 20% and Qatar $0.03mn or 3%. This shows revenues from Asia and Mena reported an 8.8% increase, Europe 26.36%, Qatar 36.92% and North America 0.39%.

The profit of the company also showed a sharp rise of 53.26% to $0.12mn during the first six months of the year compared to $0.18mn in the entire year of 2017, $0.02mn in 2016, and $0.1mn in 2015.

Earlier, Qatalum used to produce 575,000 tonnes of aluminium every year but now its output has increased to more than 650,000 tonnes per year of high-quality primary aluminium products, including standard ingots and cast-house value-added products comprising extrusion ingots or billets (capacity of 350,000 tpy) and primary foundry alloys (capacity of 275,000 tpy).


Pursuant to the marketing and offtake agreement, Hydro Aluminum is responsible for the offtake and marketing of 100% of Qatalum’s production for 25 years (commencing December 18, 2009). 

The marketing and offtake agreement gives Qatalum access to Hydro Aluminium’s worldwide sales network on no less favourable treatment than other Hydro Aluminum smelters and Hydro Aluminum is obliged to undertake sales with the objective of maximising Qatalum’s net premium revenue. Qatalum acts as Hydro Aluminum’s representative for marketing aluminium products in Qatar.
 

The price of Qatalum’s products largely depends on the primary aluminium price set on the London Metal Exchange and product premiums, which are negotiated with individual customers. Qatalum’s first million tonnes of metal was distributed by September 2012.


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.