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.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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