Arab Today, arab today alba reports q1 2013 results
Last Updated : GMT 11:32:26
Arab Today, arab today
Arab Today, arab today

Alba reports Q1 2013 results

Arab Today, arab today

Arab Today, arab today Alba reports Q1 2013 results

Manama - BNA

World consumption up by 6% YoY (i.e. year-on-year ) while world market production rose by 5% as compared to Q1 2012 and is expected to grow with Greenfield projects ramp-up in the Middle East (Ma’aden), Malaysia and India. Asian demand propelled by China (+11% YoY) and India (+7% YoY); MENA consumption continues to grow (+5% YoY) supported by large infrastructure spending in Saudi Arabia and Qatar. North America demand up by 2% YoY thanks to new investments in extrusion industry while Europe demand still weak due to a fall in automotive production . The LME cash average was at US$ 2,001 metric tons (mt) in Q1 2013 compared to US$ 2,177 mt for the same period last year Q1 2013 Alba Highlights: Improved Safety performance, Alba achieved 4 million hours without an LTI Alba increased its sales and production by 2.2% and 3% respectively Sales of Value-Added products reached 66% of total shipments versus 62% in Q1 2012 Successful completion of US$ 169 million local bond facility refinancing Q1 2013 Financial Results : Alba’s sales for the first quarter of 2013 reached US$ 498 million (BD 187.1 million), up by US$ 2 million from US$ 496 million (BD 186.4 million) in Q1 2012 due to strong physical premiums and favorable management performance despite low LME prices. The company has registered a Net Income of US$ 108 million (BD 40.5 million) vs. US$ 57 million (BD 21.3 million) for the same period in 2012 - an increase of 89% YoY. In March 2013, Alba paid US$ 52 million (BD 19.8 million) as the final dividend for 2012 bringing the total dividend for 2012 to US$ 105 million (BD 39.6 million). 2013 Alba Priorities: Continuous focus on Safety improvement Maintain Value-Added Sales and leverage 2nd half premium negotiations Increase creep capacity with minimal capital investment Line 6 expansion project Aluminum Bahrain B.S.C. (Alba) announced the release of its first quarter 2013 results on Tuesday, May 7, 2013. Commenting on Q1 2013 results, Alba’s Chief Executive, Tim Murray said: \"Alba was able to deliver a solid quarterly financial performance despite tough LME market conditions. We were able to capitalize on a significant increase in product premiums on the back of a strong operational performance.\" The Chairman of Alba’s Board of Directors, Mahmoud Hashim Al-Kooheji added: \"The company’s focus on strengthening its competitive edge through operational improvement has led to a big jump in production which contributed directly to the bottom-line. I would also like to express my sincere appreciation to the team at Alba for their efforts to improve overall safety performance.\" Alba\'s Chief Executive Officer, Tim Murray, Acting Chief Finance & Supply Officer, Ali Al-Baqali and Investor Relations Manager, Eline Hilal will be will be holding a conference call on Wednesday May 8, 2013 to discuss Alba\'s performance for the first quarter of 2013 as well as outline the company\'s priorities for the remainder of this year. 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today alba reports q1 2013 results Arab Today, arab today alba reports q1 2013 results

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday