Manama, Aluminium Bahrain B.S.C. (Alba) (Ticker Code: ALBH), one of the world's largest aluminium smelters, has reported a Profit of BD68.5 million (US$182.2 million) for the second quarter of 2024, up by 129.2% Year-over-Year (YoY), versus a Profit of BD29.9 million (US$79.5 million) for the same period in 2023. The Company reported Basic and Diluted Earnings per Share of fils 48 for Q2 2024 versus Basic and Diluted Earnings per Share of fils 21 in Q2 2023. The Total Comprehensive Income for Q2 2024 stood at BD66.7 million (US$177.4 million) versus Total Comprehensive Income for the second quarter of 2023 of BD32.6 million (US$86.8 million) - up by 104.5% YoY. Gross Profit for Q2 2024 was BD102 million (US$271.2 million) versus BD67.9 million (US$180.6 million) for the same period in 2023 - up by 50.1% YoY. With regards to the Revenue from contracts with customers in Q2 2024, Alba generated BD407 million (US$1,082.3 million) versus BD387 million (US$1,029.4 million) in Q2 2023 - up by 5.2% YoY. For the Firs t Half of 2024, Alba has reported a Profit of BD93 million (US$247.3 million), up by 20.2% YoY versus a Profit of BD77.4 million (US$205.7 million) for the same period in 2023. The Company reported Basic and Diluted Earnings per Share of fils 66 for H1 2024 versus Basic and Diluted Earnings per Share of fils 55 for the same period in 2023. Alba's Total Comprehensive Income for H1 2024 was BD94.4 million (US$251 million), up by 35.4% YoY, compared to a Total Comprehensive Income of BD69.7 million (US$185.4 million) in H1 2023. Gross Profit for the First Half of 2024 was BD159.2 million (US$423.5 million) versus BD147.8 million (US$393 million) in H1 2023 - up by 7.7% YoY. Alba generated in H1 2024 Revenue from contracts with customers of BD741.5 million (US$1,972.1 million) versus BD757 million (US$2,013.2 million) in H1 2023 - a drop by 2% YoY. The Board of Directors of Aluminium Bahrain B.S.C. (Alba) resolved during the virtual Board meeting on Tuesday 13 August 2024, to recommend the distribution of Interi m 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 BD26,320,150 (US$70 million). Source: Bahrain News Agency
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