Alba discloses its financial results for the second quarter and H1 of 2022

Alba discloses its financial results for the second quarter and H1 of 2022

Aluminium Bahrain B.S.C. (Alba) (Ticker Code: ALBH), the world’s largest aluminium smelter w/o China, has reported a Profit of BD181.9 million (US$483.9 million) for the second quarter of 2022, up by 97% Year-over-Year (YoY), versus a Profit of BD92.6 million (US$246.2 million) for the same period in 2021. The Company reported Basic and Diluted Earnings per Share of fils 128 for Q2 2022 versus Basic and Diluted Earnings per Share of fils 65 in Q2 2021. The Total Comprehensive Income for Q2 2022 stood at BD201.9 million (US$536.9 million) versus Total Comprehensive Income for the second quarter of 2021 of BD90.7 million (US$241.1 million) – up by 123% YoY. Gross Profit for Q2 2022 was BD208 million (US$553.2 million) versus BD123.7 million (US$328.9 million) for the same period in 2021 – up by 68% YoY. With regards to the Revenue in Q2 2022, Alba generated BD520.4 million (US$1,384 million) versus BD370 million (US$984 million) in Q2 2021 - up by 41% YoY.

For the First Half of 2022, Alba has reported a Profit of BD328.7 million (US$874.3 million), up by 127% YoY versus a Profit of BD144.8 million (US$385.1 million) for the same period in 2021. The Company reported Basic and