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Wed 29 Jul 2015 04:11 PM

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Bahrain's Alba says Q2 net income nearly doubled

Owner of one of the world's largest aluminium smelters says it made $79m in three months to June 30

Bahrain's Alba says Q2 net income nearly doubled

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.

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