Aluminium Bahrain (Alba) posted sales of 951,944 metric tonnes (MT) in 2015, marking an increase of 2.2 per cent year-on-year (YoY) over the sales record of 931,526 MT in the previous year, while production figures topped 960,643 MT up by 3.1 per cent YoY versus 931,427 MT in 2014.

For the fourth quarter (Q4) of 2015, sales figures grew by 4.2 per cent YoY to stand at 252,582 MT versus 242,322 MT in Q4 2014; production figures reached 243,614 MT, an increase of 9,695 MT as compared to the same period of 2014.

In addition, Alba managed to close 2015 with its Value-Added (VA) sales averaging 64 per cent of total shipments versus 66 per cent in 2014.

Alba’s chief executive, Tim Murray said: “We are delighted to be celebrating yet another record in sales and production despite the tough market conditions. As we move forward in 2016, we remain committed to do better than necessary by improving our underlining performance and plant reliability.”  

Alba will release its full- year and fourth quarter 2015 financial results to the public on February 18, as well as upload the IR presentation on its Investor Relations section at albasmelter.com, a statement said. - TradeArabia News Service