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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