Alba reports its financial results for the third quarter and 9 months of 2022

Alba reports its financial results for the third quarter and 9 months of 2022

Q3 & 9 Months 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 BD48 million (US$127.6 million) for the third quarter of 2022, down by 62% Year-over-Year (YoY), versus a Profit of BD125.9 million (US$335 million) for the same period in 2021. The Company reported Basic and Diluted Earnings per Share of fils 34 for Q3 2022 versus Basic and Diluted Earnings per Share of fils 89 for the same period in 2021. The Total Comprehensive Income for Q3 2022 stood at BD58.2 million (US$154.8 million) versus Total Comprehensive Income for the third quarter of 2021 of BD126.4 million (US$336.1 million) – down by 54% YoY. Gross Profit for Q3 2022 was BD79 million (US$210.2 million) versus BD157.4 million (US$418.5 million) for the same period in 2021 – down by 49.8% YoY. With regards to the Revenue in Q3 2022, Alba generated BD403.2 million (US$1,072.3 million) versus BD388.9 million (US$1,034.2 million) in Q3 2021 - up by 3.7% YoY.

With regards to the nine months of 2022, Alba has reported a Profit of BD376.7 million (US$1,001.9 million), up by 39.2% YoY, versus a Profit of BD270.7 million (US$720 million)