Shaikh Daij Bin Salman Bin Daij Al Khalifa

Alba’s Profit Jumped By Over 800 Percent To US$138.8 MM In The First Quarter

Alba’s Profit Jumped By Over 800 Percent To US$138.8 MM In The First Quarter

Aluminium Bahrain B.S.C. (Alba) announced financial results for the first quarter of 2021 this week. The firm got help with its top line thanks to a rise in aluminium prices, while its bottom line was buoyed by the strong top line, but...

Events

Alba Sees 25 Percent Rise In Sales Volumes In Q2

Aluminium Bahrain B.S.C. (Alba) released financial and production results for the year’s second quarter and first half on Sunday. The firm posted increases in both its bottom line and its production totals in both periods. For the year’s first half Alba reported a loss of US$28.3 million, better on the year than last year’s first-half […]

Alba Reports Gross Profit Increase Of 6 Percent In 2019

Aluminium Bahrain B.S.C. released results for the final quarter and full year of 2019 on Thursday. Despite less than favorable market conditions, the firm reported better results in most metrics for both periods largely due to the commissioning of aluminium production at Line 6. In the fourth quarter, Alba recorded a Profit and Total Comprehensive […]

Alba Refinances US$1.5 Billion Loan Facility Funding Line 6 Expansion Project

Aluminium Bahrain B.S.C. announced yesterday the successful refinancing of a US$1.5 billion syndicated loan facility that the firm has been using to fund the Line 6 Expansion Project. Per the firm, the new terms of the facility give it an 8-year tenor with 16 semi-annual payments and a 6-month grace period for each payment. The […]

Alba Reports 53 Percent Bump In Gross Profit For Q3

Aluminium Bahrain B.S.C. reported financial results for the third quarter and opening three months of 2019 yesterday. A weak global market for aluminium notwithstanding, the firm reported increases in both sales and profit for the just-ended quarter. In the third quarter, Alba generated a Profit and Total Comprehensive Income of BD10.7 million (US$28.5 million), down […]