Alba’s net falls 54% on rise in aluminum, energy costs
Feb 19, 2013 | 12:59 PM
| Jethro Wookey
Tags
Alba,
Aluminium Bahrain,
aluminum,
Tim Murray,
Metal Bulletin,
Jethro Wookey
LONDON — Aluminium Bahrain BSC’s (Alba’s) net income fell about 54 percent in 2012 as a result of lower London Metal Exchange aluminum prices and higher energy costs, the company said.
Alba’s net income was $257 million in 2012 compared with $564 million in 2011 on sales that fell 16 percent to $1.98 billion. ....
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