Alba discloses its financial results for the third quarter of 2020

Alba discloses its financial results for the third quarter of 2020

Aluminium Bahrain B.S.C. (Alba), the world's largest aluminium smelter w/o China, has reported a Loss of BD11.6 million (US$31 million) for the third quarter of 2020, up by 209% Year-over-Year (YoY) versus a Profit of BD10.7 million (US$28.4 million) for the same period in 2019. The Company reported Basic and Diluted Loss per Share for the third quarter of 2020 of fils 8 versus Basic and Diluted Earnings per Share of fils 8 for the same period in 2019. The Total Comprehensive Loss for Q3 2020 stood at BD11.7 million (US$31.1 million) versus Total Comprehensive Profit for the third quarter of 2019 of BD10.7 million (US$28.4 million) – up by 209% YoY. Gross Profit for the third quarter of 2020 was BD25.7 million (US$68.3 million) versus BD29.2 million