Aluminium Bahrain B.S.C was able to increase its overall sales on the back of higher production.
For the first quarter of 2013, sales figures reached 219,537 metric tonnes (mt), up by 2.2% from 214,891 mt in Q1 2012. Production jumped by 3% to 227,414 mt versus 220,738 mt for the same period in 2012.
In addition, Alba was able to capitalize on the strong demand of Value- Added products and closed the first quarter with an average of 66% of total shipments versus 65% in 2012 and 62% in Q1 2012.
Commenting on Alba's sales and production for Q1 2013, Alba's Chief Executive, Tim Murray said:
"We are pleased with the higher overall figures for sales & production, ahead of the company's own forecast for the period thanks to a focused marketing strategy and a sustained focus on enhancing productivity. "
Aluminium Bahrain B.S.C (Alba) will release its first quarter 2013 financial results and business outlook Press Release to the public on Wednesday, May 8, 2013 as well as upload the IR presentation on its investor relation section at www.albasmelter.com.
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About Alba
Alba has been consistently ranked as one of the largest aluminium smelters in the world, and is known for its technological strength, global competitiveness and innovative policies. Alba produces more than 890,000 metric tonnes per annum of aluminium which meet or exceed the industry standard for purity, with products including standard and T-ingots, extrusion billets, rolling slab, properzi ingots, and molten aluminium. It has also maintained a strong track record of operational safety and environmental compliance.
For further details, please contact
Investor Relations Manager
Eline Hilal
Tel: (973) 17 835100 (direct)
Fax: (973) 17 833822
E-mail: eline.hilal@alba.com.bh
© Press Release 2013
