Owner of one of the world's largest aluminium smelters says it made $79m in three months to June 30
Aluminium Bahrain's (Alba) second-quarter net income nearly doubled, the owner of one of the world's largest aluminium smelters reported a on Wednesday.
Net income for the three months to June 30 rose to 29.8 million dinars ($79 million) from 15.2 million a year earlier, Alba said in a statement.
First-half net profit was 66.9 million dinars versus 32.3 million a year earlier.
Alba's board proposed an interim dividend of 0.0055 dinars per share.
In June, the firm won government approval for a $3.5 billion production expansion that will boost its output by more than 50 percent to 1.45 million tonnes a year.For all the latest industry 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.