Aluminium Bahrain B.S.C. (Alba) reported profit of BD17.3 million (US$46 million) for the third quarter of 2023, down by 64% Year over Year (YoY), versus a Profit of BD48 million (US$127.6 million) for the same period in 2022.
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The Company reported Basic and Diluted Earnings per Share of fils 12 for Q3 2023 versus Basic and Diluted Earnings per Share of fils 34 for the same period in 2022.
The Total Comprehensive Income for Q3 2023 stood at BD20.7 million (US$55.2 million) versus Total Comprehensive Income for the third quarter of 2022 of BD58.2 million (US$154.8 million) – down by 64% YoY.
Gross Profit for Q3 2023 was BD48.6 million (US$129.3 million) versus BD79 million (US$210.2 million) for the same period in 2022 – down by 38% YoY.
With regards to the Revenue from contracts with customers in Q3 2023, Alba generated BD400 million (US$1,063.8 million) versus BD403.2 million (US$1,072.4 million) in Q3 2022 down by 0.8% YoY.
With regards to the nine months of 2023, Alba has reported a Profit of BD94.6 million (US$251.7 million), down by 75% YoY, versus a Profit of BD376.7 million (US$1,001.9 million) for the same period in 2022.
The Company reported Basic and Diluted Earnings per Share of fils 67 for the nine months of 2023 versus Basic and Diluted Earnings per Share of fils 266 for the same period in 2022.
Alba’s Total Comprehensive Income for the nine months of 2023 was BD100.5 million (US$267.3 million), down by 75.8% YoY, compared to a Total Comprehensive Income of BD416.1 million (US$1,106.6 million) in the same period of 2022.
Gross Profit for the nine months of 2023 was BD196.4 million (US$522.3 million) versus BD465 million (US$1,236.8 million) in the same period of 2022 – down by 57.8% YoY.
Alba generated in the nine months of 2023 Revenue from contracts with customers of BD1,157 million (US$3,077 million) versus BD1,378.5 million (US$3,666.3 million) in the same period of 2022 down by 16% YoY.
Total Equity as of 30 September 2023 stood at BD1,773 million (US$4,715.7 million), down by 2.7%, versus BD1,822.5 million (US$4,847 million) as of 31 December 2022.
Alba’s Total Assets as of 30 September 2023 were BD2,633.6 million (US$7,004.1 million) versus BD2,617.2 million (US$6,960.6 million) as at 31 December 2022 up by 0.6%. ■