Aluminium Bahrain announces decline on unrealised derivative gains, lower metal prices
Aluminium Bahrain (Alba) on Sunday said its second-quarter net income dropped 42 percent on unrealised derivative gains as well as lower metal prices.
The smelter made a second-quarter net profit of BD20.7m ($54.91m) compared with BD35.6m in the corresponding period in 2012, Alba said in an emailed statement.
Second-quarter sales reached BD195.5m, down from BD196.5m in the prior-year period.
The company's board has recommended an interim cash dividend of 14 fils per share, the statement added.