Alba reports its financial results for the fourth quarter and 12 months of 2022

Alba reports its financial results for the fourth quarter and 12 months of 2022

Q4 2022 and Full-Year 2022 Financial Performance

Aluminium Bahrain B.S.C. (Alba) (Ticker Code: ALBH), one of the world’s largest aluminium smelters, has reported a Profit of BD39.4 million (US$104.9 million) for the fourth quarter of 2022, down by 78% Year-over-Year (YoY) versus a Profit of BD181.2 million (US$481.8 million) for the same period in 2021. The Company reported Basic and Diluted Earnings per Share of Fils 28 for Q4 2022 versus Basic and Diluted Earnings per Share of Fils 128 for the same period in 2021. The Total Comprehensive Income for Q4 2022 stood at BD36.6 million (US$97.3 million) versus a Total Comprehensive Income for Q4 of 2021 of BD183 million (US$486.8 million) – down by 80% YoY. Gross Profit for the fourth quarter of 2022 was BD80.6 million (US$214.3 million) versus Gross Profit of BD215.5 million (US$573.2 million) in Q4 2021 – a drop of 63% YoY., Alba achieved Revenue of BD462.4 million (US$1,229.8 million) in Q4 2022 versus BD523.3 million (US$1,391.7 million) for the same period in 2021 – a drop of 12% YoY.

For the Full-Year of 2022, Alba has reported a Profit of BD416.2 million (US$1,106.8 million), down by 8% YoY, versus a Profit of BD451.9 million (US$1,201.8