Bahrain’s Alba cites collapse in aluminium prices as Q1 profit falls 89%

May 2, 2016

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Aluminium Bahrain (Alba), owner of one of the world’s largest aluminium smelters, reported a 88.6% fall in first-quarter net profit on Monday as a result of a collapse in aluminium prices.

Alba’s net income for the three months to March 31 was 4.2-million dinars ($11.22-million) it said in a statement. This compares with a profit of 37.2-million dinars in the prior-year period.

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