Alba reports its financial results for the third quarter and 9 months of 2021

Alba reports its financial results for the third quarter and 9 months of 2021

Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter w/o China, has reported a Profit of BD125.9 million (US$335 million) for the third quarter of 2021, up by 1,184% Year-over-Year (YoY), versus a Loss of BD11.6 million (US$30.9 million) for the same period in 2020. The Company reported Basic and Diluted Earnings per Share of fils 89 for Q3 2021 versus Basic and Diluted Loss per Share of fils 8 for the same period in 2020. The Total Comprehensive Income for Q3 2021 stood at BD126.4 million (US$336.1 million) versus Total Comprehensive Loss for the third quarter of 2020 of BD11.7 million (US$31.1 million) – up by 1,181% YoY. Gross Profit for Q3 2021 was BD157.4 million (US$418.5 million) versus BD25.7 million (US$68.3 million) for the same period in 2020 – up by 513% YoY. With regards to the Revenue in Q3 2021, Alba generated BD388.9 million (US$1,034.2 million) versus BD262.7 million (US$698.6 million) in Q3 2020 – up by 48% YoY. With regards to the nine months of 2021, Alba has reported a Profit of BD270.7 million (US$720 million), up by 1,320% YoY, versus a Loss of BD22.2 million (US$59.1 million) for the same period in 2020. The Company