Alba net income for Q3 2016 up 65%YoY

Aluminium Bahrain B.S.C (Alba) presents its financial results for Q3 2016 on Sunday November 13, 2016.

Q3 2016 Alba Highlights:

• Alba boosted its sales volume by 3.1% YoY and production by 2.4% YoY
• Alba value-added sales volume was an average 58% of total shipments
• Alba saves US$56 per ton YTD on Project Titan Phase II development work, which is on track
• Alba continued with their work safety ethics with the launch of Safety Campaign ‘Safety at the Heart of Alba’
• Line 6 quarterly update:

    o Closing of US$1.5 billion syndicated term-loan facility
    o PS5 EPC contract awarded to GE and GAMA Consortium
    o L6 Power Distribution System (PDS) awarded to Siemens

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