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Alba Announces Results for Q4 and 2019

Metal News - Published on Fri, 14 Feb 2020

Image Source: Aluminium Bahrain
Aluminium Bahrain has reported a Profit and Total Comprehensive Income of BD13.82 million (US$36.76 million) for the fourth quarter of 2019 versus a Loss and Total Comprehensive Loss of BD17.54 million (US$46.65 million) for the same quarter of 2018, an increase of 179% Year-over-Year (YoY). The Company reported a Gross profit of BD44.77 million (US$119.08 million) for the fourth quarter of 2019 versus a Gross loss of BD8.37 million (US$22.26 million) for the same quarter of 2018, an increase of 635% YoY. With regards to the Revenue from Contracts and Customers, Alba reported BD293.67 million (US$781.05 million) in Q4 2019, versus BD211.52 million (US$ 562.56 million) in Q4 2018, up by 39% YoY. The Company reported Basic and Diluted Earnings per Share in this quarter fils 10 versus a Diluted Loss per Share of fils 13 in Q4 2018.

For the Full-Year of 2019, Alba generated a Profit and Total Comprehensive Income of BD5.38 million (US$14.31 million), down by 91% YoY, versus BD59.76 million (US$158.92 million) in 2018. The Company reported a Gross Profit of BD90.22 million (US$239.95 million) versus BD 84.99 million (US$226.04 million) up by 6% YoY. The Revenue from Contracts and Customers reached BD1,029.38 million (US$2,737.7 million) in 2019, up by 13% YoY, compared to BD911.3 million (US$2,423.7 million) in 2018. Basic and Diluted Earnings per Share were fils 4 for 2019, versus fils 42 for 2018. Overall, the Company’s financial performance was driven by higher metal sales’ volume thanks to Line 6 ramp-up and was partially offset by lower LME prices (down by 15% YoY).

2019 Alba Highlights

Sales’ volume reached 1,350,326 metric tonnes (MT) up by 33% YoY.

Production topped 1,365,005 MT up by 35% YoY.

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Posted By : Yogender Pancholi on Fri, 14 Feb 2020
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