trending Market Intelligence /marketintelligence/en/news-insights/trending/bsnqrhi8w4ddbancxihldg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Lower LME prices, premiums drag down Aluminium Bahrain's H1, Q2 earnings

Episode 11 - How COVID - 19 Has Reshaped The Advertising Industry

信用分析(Credit Analytics)案例: 瑞幸咖啡

S&P Podcast – Economic Recovery Will Guide US Ad Market

Cable Network Q1'20 Distribution Revenue Recap

Lower LME prices, premiums drag down Aluminium Bahrain's H1, Q2 earnings

AluminiumBahrain BSC, or Alba, said July 25 that its second-quarter netincome fell by 45% to 16.3 million Bahraini dinars from 29.8 million dinars inthe same period of 2015, while first-half net income dropped to 20.5 milliondinars from 67 million dinars a year ago.

Despite a 3.2% year-on-year increase in sales volume duringthe second quarter, at 239,739 tonnes, the company's revenues in the period fared17% lower annually, to 165.7 million dinars from last year's 199.4 milliondinars.

Total sales revenues in the first half also fell by 21% yearon year to 322.2 million dinars from 405.9 million dinars.

Alba attributed the lower first-half revenues and net incometo lower prices and premiums at the London Metal Exchange, with aluminum pricesaveraging US$1,571 per tonne in the second quarter from US$1,769 per tonne inthe same period of 2015.

The company further noted that the Line 6 expansion projectat its Knuffsmelter is progressing as planned and that it expects to award the powerstation contracts and finalize a syndicated loan tranche in the third quarter.

Alba was reportedly targeting a seven-year US$750 million loan that has anamortizing structure to support the Line 6 expansion project.

As of July 22, US$1was equivalent to 0.38 Bahraini dinar.