Alba reports $334mln profit for Q3 | ZAWYA MENA Edition
Alba, the world’s largest aluminium smelter outside China, has reported a profit of BD125.9 million for the third quarter of 2021, up by 1,184 per cent year-on-year (YoY), versus a loss of BD11.6m for the same period in 2020.
The company reported basic and diluted earnings per share of 89 fils for Q3 2021 versus basic and diluted loss per share of 8 fils for the same period in 2020.
Total comprehensive income for Q3-2021 stood at BD126.4m versus total comprehensive loss for the third quarter of 2020 of BD11.7m – up by 1,181pc YoY.
Gross profit for Q3-2021 was BD157.4m versus BD25.7m for the same period in 2020 – up by 513pc YoY.
In Q3-2021, Alba generated BD388.9m in revenue versus BD262.7m in Q3 2020 - up by 48pc YoY.
For the first nine months of 2021, Alba has reported a profit of BD270.7m, up by 1,320pc YoY, versus a loss of BD22.2m for the same period in 2020.
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