Bahrain's Alba posts $42m loss in fourth quarter

Cairo – Mubasher: Aluminum Bahrain BSC said Thursday it logged BHD15.8 million ($41.95 million) net loss for the fourth quarter of 2015, against BHD 34.6 million profit in the year-ago period.

The company's FY15 net revenues amounted to BHD 59.9 million ($159.5 million), down from BHD 96.5 million in FY14.

The board of directors proposed the distribution of BHD 7.8 million in dividends, in addition to the BHD 7.8 million dividend distributed in September, thus bringing the full-year dividends to BHD 15.5 million.

Mubasher Contribution Time: 18-Feb-2016 21:08 (GMT)