Alba's Losses Amounted to BD3.3 Million
2019-07-30 - 4:36 p
Bahrain Mirror: Aluminium Bahrain B.S.C. (Alba) announced a loss of BD3.3 million in the second quarter of 2019.
The Company generated a total comprehensive loss of BD3.3 million in the second quarter of 2019 versus a total comprehensive income of BD29.1 million for the same period in 2018, down by 112% year over year.
The company said that the revenues and profits during the second quarter and first half of 2019 were mainly affected with the 21% year-on-year drop in London Metal Exchange prices.