Alba discloses its financial results for the third quarter of 2020
- Date: 28-Oct-2020
- Source: Bizbahrain
- Sector:Financial Markets
- Country:Bahrain
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