Bahrain

Aluminium Bahrain: Q1 2020 preview – 50% qoq decline in net profit with Covid-led volume hit likely

  • Aluminium Bahrain (ALBA) will report Q1 20 results today (4 May).

  • We expect a 40% qoq decline in gross profit primarily due to 9% lower net sales.

  • ALBA will hold a results conference call on Tuesday 5 May 2020 at 12:00 UK time, 15:00 Dubai.

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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").

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