ALBH8 May 2012 08:25
Aluminium Bahrain B.S.C. (Alba) announced the release of its first quarter 2012 results on Sunday, May 6, 2012.
Commenting on the Q1 2012 results, Alba's Chief Executive, Laurent Schmitt said:
"Without LME effect, Alba was able to maintain its performance despite the significant impact of gas price increase -- which took effect in January 01, 2012.
The overall financial performance was underpinned by a major focus on our Continuous Improvement Programme and Operational Efficiency initiatives. These measures enabled the company to maintain a momentum despite the downward trend of aluminium prices."
The Chairman of Alba's Board of Directors, Mahmood Hashim Al Kooheji added:
"Alba's performance in the first quarter reflects, once again, the company's strong business model that has provided a key foundation for continued growth.
A key reason for this success has been the teamwork shown by our skilful workforce and the inspiring leadership of the Management on board."
Alba's Chief Executive, Laurent Schmitt, Chief Financial Officer, Tim Murray and Investor & Public Relations Manager, Eline Hilal will be will be holding a conference call on May 08, 2012 to discuss Alba's performance for the first quarter of 2012 as well as outline the company's priorities for the remainder of 2012.