Q4 2020 and Full-Year 2020 Financial Performance Aluminium Bahrain B.S.C. (Alba) (Ticker Code: ALBH), the world s largest aluminium smelter w/o China, has reported a Profit of BD32 million (US$85.1 million) for the fourth quarter of 2020, up by 132% Year-over-Year (YoY) versus a Profit of BD13.8 million (US$36.7 million) for the same period in 2019. The Company reported Basic and Diluted Earnings per Share of fils 23 for Q4 2020 versus Basic and Diluted Earnings per Share of fils 10 for the same period in 2019. The Total Comprehensive Income for Q4 2020 stood at BD32.9 million (US$87.7 million) versus Total Comprehensive Income for the fourth quarter of 2019 of BD13.8 million (US$36.7 million) - up by 138% YoY. Gross Profit for the fourth quarter of 2020 was BD60.1 million (US$159.9 million) versus BD44.8 million (US$119.1 million) in Q4 2019 - up by 34% YoY.
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Aluminium Bahrain (Alba) - the world’s largest aluminium smelter ex-China – announced the promotion of 199 national employees across various departments during the second week of January 2021.
Alba said these promotions reflect its commitment to developing nationals through customised training and development programmes.
Based on the Alba’s Master Training Plan (announced in October 2019), 52 employees were promoted to Supervisory and Management positions whereas more than 147 employees received higher grade promotions within the non-supervisory ranks.
Alba’s Chief Executive Officer Ali Al Baqali said, “Despite the Pandemic, Alba continues to train its people in terms of developing their skills, responsiveness, and agility thus preparing them for what’s coming their way to lead Alba in the future.”
Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, has announced the prcomotion of 199 national employees across various departments during the second week of January 2021.