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FINANCIAL NEWS
Bahrain’s Alba profit reaches USD1.001b in H1
27 Jul 2014
(MENAFN) Bahrain-based Alba said that its sales in the first six months of the current year were estimated at USD1.001 billion compared to USD1.018 billion in the same period 2013 due to higher premium partially offset by lower LME prices, according to Gulf Daily News.
In the second quarter of this year, sales reached USD515 million compared to USD520 million in the same period 2013.
The company’s net income in the first half hit USD86 million compared to USD163 million in the half of 2013, the company reported.
Net income for the second quarter of 2014 stood at USD41m compared with USD55m, driven by low LME prices.
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