Jul 29, 2019 / 12:00PM GMT
Eline Hilal - Aluminium Bahrain B.S.C. - Senior Manager of IR & Corporate Secretary
(technical difficulty)
It's still historically high at 20% of the LME price. And as you see in the chart was -- last year, it was 23%, of course, higher than this quarter and this quarter was 20%, but still relatively high compared to 15% and 16% which what we had previously before.
And by that I'm done for this section and I will move into Alba's highlights for the particular quarter. As we are all aware and as our CEO keeps saying and executive management, nothing is more important to us than safety. Safety always is a top priority for Alba. In fact, the company had achieved 8 million working hours without LTI on July 8. Our sales volume for this quarter were up by 25% year-over-year, while production was up by 21% year-over-year. And this increase in volume, in production was mainly on the back of the gradual ramp up of Line 6. In terms of value-added sales, the value-added sales averaged 52% of total shipments in the second quarter. In terms of the achieved milestones, vis-Ã -vis our Line 6
Q2 2019 Aluminium Bahrain BSC Earnings Call Transcript
Mar 16, 2024
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