Alba sales increase 2.2% in Q1 2013

Manama: April 8 –-(BNA): Aluminum Bahrain B.S.C was able to increase its overall sales on the back of higher production. For the first quarter of 2013, sales figures reached 219,537 metric tons (mt), up by 2.2% from 214,891 mt in Q1 2012. Production jumped by 3% to 227,414 mt versus 220,738 mt for the same period in 2012.

In addition, Alba was able to capitalize on the strong demand of Value- Added products and closed the first quarter with an average of 66% of total shipments versus 65% in 2012 and 62% in Q1 2012.

Commenting on Alba’s sales and production for Q1 2013, Alba’s Chief Executive, Tim Murray said:

“We are pleased with the higher overall figures for Alba’s sales & production, ahead of the company’s own forecast for the period thanks to a focused marketing strategy and a sustained focus on enhancing productivity.”

Aluminum Bahrain B.S.C (Alba) will release its first quarter 2013 financial results and business outlook Press Release to the public on Wednesday, May 8, 2013 as well as upload the IR presentation on its investor relation section at the company’s website.

(IY)