Alba’s earnings slide in qtr. due to low aluminum tags

Jul 29, 2013 | 12:28 PM | Shivani Singh

Tags  Alba, Aluminium Bahrain, quarterly earnings, aluminum premiums, London Metal Exchange, LME, Shivani Singh

SINGAPORE — Aluminium Bahrain BSC’s (Alba’s) second-quarter net income was hit by unrealized derivative gains and low London Metal Exchange prices, the company said July 28.

The company posted net income of $55 million during the quarter, down 42 percent from about $95 million in the same period last year, on sales fell 0.5 percent to $520 million.....

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