Alba posts strong sales figures despite depressed prices

Aluminium Bahrain (ALBA) - the world’s fourth largest smelter - has posted Q1 sales of $498m, up by $2m on the same period for 2012 ($496m).

Net income almost doubled from $57m in 2012 to $108m - an increase of 89% - and CEO Tim Murray attributed the company’s success to strong operational performance but also Alba’s ability to ‘capitalise on a significant increase in product premiums’.