Aluminium #Bahrain the worst performer on the exchange after announcing drop in earnings and no dividends for 2018 | ZAWYA MENA Edition

Aluminium Bahrain the worst performer on the exchange after announcing drop in earnings and no dividends for 2018 | ZAWYA MENA Edition:

Shares of Aluminium Bahrain (Alba) fell sharply on Monday after the company reported a drop in fourth quarter (Q4) 2018 earnings results and said that its board recommended not paying a dividend for 2018.

The company announced a Q4 2018 net loss of 17.5 million Bahraini dinars ($46.5 million) compared to a net profit of 23.4 million Bahraini dinars in Q4 2017.

For its full year results for 2018, Alba’s net profit stood at 59.8 million Bahraini dinars, down by 35 percent year-on-year, compared to 92.5 million Bahraini dinars in 2017.