Alba beats on forecast with $200M profit

Aluminium Bahrain, which runs an 850,000 metric-tonne smelter on the island nation in the Arabian Gulf, said it had a first-half profit of $200 million, beating its own forecasts. Alba, as the smelter is known, didn't provide comparison data for the year-earlier period. Alba, owned by the Bahraini and Saudi Arabian governments, said in June that it plans to convert itself into a public joint stock company to add financial flexibility and allow its aluminium smelter to compete in international markets.Air Jordan 1