Alba Q1 sales, production volumes rise

Manama : Aluminium Bahrain (Alba) started 2017 strong with its Sales volume and throughput up by 4.9 per cent Year-over-Year (YoY) and 5.6pc YoY respectively. Sales volume in the first quarter of 2017 topped 242,932 metric tonnes (mt) versus 231,538 mt in Q1 2016 while its production reached 248,776 mt, an increase of 13,298 mt, versus 235,478 mt for the same period in 2016.

In addition, Value-Added (VA) Sales jumped to 56pc in this quarter versus 52pc in Q1 2016.

Commenting on Alba’s Sales volume and Production for Q1 2017, Alba’s Chief Executive Officer, Tim Murray said: “We are pleased to finish the first quarter of 2017 with this strong volume momentum in our Sales and Production. We were able to step-up our performance thanks to our plant reliability, integrated marketing approach and most importantly our people who aim to exceed the Company set-targets.”

Alba will release its first quarter 2017 Financial Results on 23 April 2017.