Alba's Net Income Surges By 32% In Q1 2018Source: www.export-egypt.com 4/29/2018, Location: Middle East |
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Alba's top-line and bottom-line performance for the first quarter of 2018 were driven primarily by 17% YoY increase in LME prices coupled with favourable management performance.
Alba Total Sales stretched by 16% YoY to reach BD 221.3 million (US$ 588 million) versus BD 190.4 million (US$ 506 million) in Q1 2017. The Company posted a Net Income of BD 33.9 million (US$ 90 million) versus BD 25.6 million (US$ 68 million) in Q1 2017, an increase of 32% YoY. During the Annual General Meeting (AGM) which was held on 07 March 2018, Alba approved a dividend of BD 36.8 million (US$ 98 million) and paid on 21st March 2018. |
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