Alba Reports its Financial Results for the Third Quarter and 9 Months of 2021
Q3 & 9 Months 2021 Financial Performance
Alba launches its second ESG Campaign ‘Shaping Our Future’
Aluminium Bahrain B.S.C. (Alba), one of the world’s leading smelters in Sustainable Development, launched its second plant-wide Environment, Social, and Governance (ESG) Awareness Campaign “Shaping Our Future” today Sunday 24 October 2021. Alba’s Chief Executive Officer Ali Al Baqali kick-started this Campaign with a virtual keynote that highlighted the Company’s progress and adaptability in respect to ESG as well as the integration of Bahrain’s Economic Vision 2030 Objectives and UN Sustainable Development Goals (SDGs) into Alba’s 5-year strategy.
Alba Delegation led by its Chairman of the Board at the 24th Arab-German Business Forum 2021
Aluminium Bahrain B.S.C. (Alba)’s Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, was a keynote speaker at the 24th Arab-German Business Forum 2021 that was held from 04 to 06 October 2021 at the Hotel Ritz-Carlton Berlin, Germany.
Alba Chairman visits Power Stations 3 & 5
Aluminium Bahrain B.S.C. (Alba)’s Chairman of Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa, paid a field visit to Alba Power Stations 3 & 5 control rooms on Thursday 30 September 2021.
Alba holds its Q3 2021 BoD Meeting in-person for the first time since COVID-19 pandemic
Aluminium Bahrain B.S.C (Alba), the world’s largest aluminium smelter ex-China, held its first in-person BoD Meeting for the third quarter of 2021 on Wednesday 29 September 2021 at Alba Oasis Hall.
Alba Chairman Inaugurates the New Jetty Extension & Additional Raw Materials’ Storage Facilities at the Company’s Marine Terminal
Aluminium Bahrain B.S.C. (Alba)’s Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, inaugurated the Company’s Marine Jetty Extension in a ceremony that was held on Monday 30 August 2021, with the presence of Alba’s Chief Executive Officer, Ali Al Baqali, and other Company’s officials.
Alba marks the Supreme Council for Women’s 20th Anniversary with a ceremony for its female employees
Aluminium Bahrain B.S.C. (Alba) held a special ceremony for its female employees on 25 August 2021 to mark the 20th anniversary of the Supreme Council for Women (SCW), Bahrain.
Alba wins Bronze in Brandon Hall Group Excellence in Learning Awards
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, was recognised amongst the winners of 2021 Brandon Hall Group Excellence in Learning Awards.
Alba CEO Receives the Director of Nasser Vocational Training Centre
Aluminium Bahrain B.S.C. (Alba)’s Chief Executive Officer, Ali Al Baqali, received on Wednesday 11 August 2021, the Director of Nasser Vocational Training Centre (NVTC), Dr. Abdulla Nasser Al Noaimi, at the Company’s premises. Present at the meeting was Alba’s Director of Administration, Hamad Al Shaibeh as well as Alba’s Human Resources and Training Senior Manager and NVTC Board of Trustees’ Member, Rawdha Salman Al Aradi.
Alba Discloses its Financial Results for the Second Quarter and H1 of 2021
Aluminium Bahrain B.S.C. (Alba) (Ticker Code: ALBH), the world’s largest aluminium smelter w/o China, has reported a Profit of BD92.6 million (US$246.2 million) for the second quarter of 2021, up by 665% Year-over-Year (YoY), versus a Loss of BD16.4 million (US$43.6 million) for the same period in 2020. The Company reported Basic and Diluted Earnings per Share of fils 65 for Q2 2021 versus Basic and Diluted Loss per Share of fils 12 for the same period in 2020. The Total Comprehensive Income for Q2 2021 stood at BD90.6 million (US$241.1 million) versus Total Comprehensive Loss for the second quarter of 2020 of BD18.2 million (US$48.4 million) – up by 598% YoY. Gross Profit for Q2 2021 was BD123.7 million (US$328.9 million) versus BD21.6 million (US$57.6 million) for the same period in 2020 – up by 471% YoY. With regards to the Revenue in Q2 2021, Alba generated BD370 million (US$984 million) versus BD244 million (US$649.1 million) in Q2 2020 - up by 52% YoY.