ALBA sales figures rise 3.1% in Q1 2014

Aluminium Bahrain B.S.C (Alba) kick starts 2014 on a solid note - sales figures for the first quarter rose by 3.1% year- on-year (YoY) to 226,472 metric tonnes (mt) while production figures were up by 2.1% YoY to reach 232,298 mt ahead of the company’s own forecast for the period (versus 227,414 mt for Q1 2013).

Moreover, Alba closed the first quarter of 2014 with an average of 66% in Value-Added Sales on the back of sound demand of Value-Added products.

Commenting on Alba’s sales and production figures for Q1 2014, Alba’s Chief Executive Officer, Tim Murray said: “The underlying physical demand and premiums remains very strong. Alba was able to deliver on its marketing strategy as a way to contribute to the bottom line despite the lower LME prices.”

Aluminium Bahrain B.S.C (Alba) will release its first quarter 2014 financial results to the public on Thursday, May 8, 2014 as well as upload the IR presentation on its investor relation section of its website.

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