Bahrain Mirror: Alba disclosed its financial results for the fourth quarter and full-year of 2018 during the board of directors meeting held on Thursday (February 7, 2019).

Alba's top-line and bottom-line for the Fourth Quarter of 2018 were impacted primarily by lower Sales' revenue and higher Alumina prices.

For the Full-Year of 2018, Alba's top-line and bottom-line were attributable to higher sales volume, higher LME price (+7% Year-over-Year (YoY)) and partially offset by higher Alumina Prices (+34% YoY).

The Company reported a Net Loss of BD 17.5 million (US$ 47 million) in the fourth quarter of 2018 versus a Net Income of BD 23.4 million (US$ 62.4 million) for the same period in 2017, down by 175% YoY.

The Company reported a Gross Loss of BD 7.4 million (US$ 20 million) versus a Gross Profit of BD 37.3 million (US$ 99.2 million) in the same quarter of 2017, down by 120% YoY.

With regards to Total Sales/Revenues, Alba reported BD 211.5 million (US$ 562.6 million) in Q4 2018, versus BD 252.7 million (US$ 672.2 million) in Q4 2017, a drop of 16% YoY. The Company reported a Loss per Share in the fourth quarter of 2018 fils 13 versus Earning per share fils 16 in Q4 2017.

For the Full-Year of 2018, Alba's Net Income stood at BD 59.8 million (US$ 158.9 million), down by 35% YoY, compared to BD 92.5 million (US$ 245.9 million) in 2017. The Company reported a Gross Profit of BD 85.9 million (US$ 228.6 million) versus BD 134.6 million (US$ 358.1 million) a decrease of 36% YoY. Total Sales/Revenues reached BD 911.3 million (US$ 2.4 billion), up by 6% YoY, compared to BD 857.8 million (US$ 2.3 billion) in 2017. Earnings per Share were fils 42 versus fils 65 for 2017.

Alba's Total Assets as at December 31, 2018 reached BD 2,208.7 million (US$ 5,874.2 million), versus BD 1,686.1 million (US$ 4,484.5 million) as at 31 December 2017, up by 31% YoY. Total Shareholders' Equity as at December 31, 2018 stood at BD 1,073.5 million (US$ 2,854.9 million), up by 2% YoY, versus BD 1,052.4 million (US$ 2,798.9 million) as at December 31, 2017. 

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