Bahrain: Alba records 4.7% sales growth in Q1 2017

Alba's sales and production volume respectively recorded 4.9% and 5.6% year-over-year growth in the first quarter of this year

Alba will share the details of its Q1 2017 financial performance with the public on 23 April, 2017.
Alba will share the details of its Q1 2017 financial performance with the public on 23 April, 2017.

Aluminium Bahrain (Alba) has released its production and sales results for the first quarter of 2017.

According to the Bahrain-based aluminium smelter, its sales volume in Q1 2017 logged a 4.9% year-over-year (YoY) increase, at 242,932 tonnes versus 231,538 in Q1 2016.

The company also saw growth in its production, reporting a 5.6% YoY increase, from 235,478t to 248,776t.

Commenting on Alba’s sales and production volume for Q1 2017, Tim Murray, chief executive officer of Alba, 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 announced that it will share its full first quarter 2017 financial results with the public on 23 April, as well as upload its investor relation presentation on its website.

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020