Alba posts 74% drop in Q4 income

February 13, 2014 10:56 am

Aluminium Bahrain (Alba) has posted a 74% drop in fourth-quarter net income to BD13.7m ($36.3m), compared with BD52.6m a year ago, after a one-off gain from 2012 was not repeated, Khaleej Times has reported. The company’s settlement with Alcoa had boosted its earnings in the fourth quarter of 2012, Alba said, without specifying the value of this settlement.