Alba Discloses 2024 Financial Results
by: BTM - Mon, 02 Sep 2024
Aluminium Bahrain B.S.C. (Alba), one of the world’s largest aluminium smelters, has reported a profit of BHD68.5 million (USD182.2 million) for the second quarter of 2024, up by 129.2% Year-over-Year (YoY), versus a profit of BHD29.9 million (USD79.5 million) for the same period in 2023.
For the First Half of 2024, Alba has reported a Profit of BHD93 million (USD247.3 million), up by 20.2% YoY versus a profit of BHD77.4 million (USD205.7 million) for the same period in 2023.
The Board of Directors of Aluminium Bahrain B.S.C. (Alba) resolved during a virtual Board meeting in August 2024, to recommend the distribution of Interim Dividend as at 30 June, 2024 to the shareholders whose names are registered on the Company’s register on the Record Date. The cash interim dividend is 18.59% of the share nominal value, equivalent to Fils 18.59 per share amounting to BHD26,320,150 (USD70 million).
Tags #aluminium smelter Bahrain #Bahrain business 2024 #Alba interim dividend Bahrain #Alba shareholders dividend #Bahrain companies performance #Bahrain economic news #Bahrain stock market news #Alba dividend 2024 #bahrain aluminium industry #Alba Bahrain financial results #btm september 2024
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