Alba discloses its financial results for the fourth quarter and full-year of 2020

Alba discloses its financial results for the fourth quarter and full-year of 2020

Aluminium Bahrain B.S.C. (Alba) (Ticker Code: ALBH), the world's largest aluminium smelter w/o China, has reported a Profit of BD32 million (US$85.1 million) for the fourth quarter of 2020, up by 132% Year-over-Year (YoY) versus a Profit of BD13.8 million (US$36.7 million) for the same period in 2019. The Company reported Basic and Diluted Earnings per Share of fils 23 for Q4 2020 versus Basic and Diluted Earnings per Share of fils 10 for the same period in 2019. The Total Comprehensive Income for Q4 2020 stood at BD32.9 million (US$87.7 million) versus Total Comprehensive Income for the fourth quarter of 2019 of BD13.8 million (US$36.7 million) - up by 138% YoY. Gross Profit for the fourth quarter of 2020 was BD60.1 million (US$159.9 million) versus BD44.8 million (US$119.1 million) in Q4 2019 - up by 34% YoY.



For the Full-Year of 2020, Alba has reported a Profit of BD9.7 million (US$25.9 million), up by 81% YoY, versus a Profit of BD5.4 million (US$14.3 million) for 2019. Alba reported Basic and Diluted Earnings per Share of fils 7 versus Basic and Diluted Earnings per Share of fils 4 in 2019. Alba's Total Comprehensive Income for the Full-Year of 2020