BRIEF-Qatar Aluminum Manufacturing Q3 Profit Falls

Oct 30 (Reuters) - QATAR ALUMINUM MANUFACTURING COMPANY QAMC.QA:

Q3 NET PROFIT 114 MILLION RIYALS VERSUS 371 MILLION RIYALS YEAR AGO
QUARTER SAW DECREASE IN THE AVERAGE REALIZED SELLING PRICE, IN-LINE WITH THE GLOBAL ALUMINUM MARKETS
NINE-MONTH NET PROFIT 353.5 MILLION RIYALS VERSUS 803 MILLION RIYALS YEAR AGO
9M-23 AVERAGE REALIZED SELLING PRICES DECLINED BY 23%
QATAR ALUMINUM MANUFACTURING - 9M-23 SALES VOLUMES GREW BY 6% OVER SAME PERIOD LAST YEAR
QATAR ALUMINUM MANUFACTURING - OVERALL DECREASE IN SELLING PRICES LED TO A 27% REDUCTION IN SHARE OF JV’S REVENUE DURING 3Q-23
QATAR ALUMINUM MANUFACTURING - AS OF END-SEPT, 2023, LIQUIDITY POSITION REACHING QR 1.9 BILLION IN FORM OF CASH AND BANK BALANCES

Source text for Eikon: ID:nDSM2BNx12

Further company coverage: QAMC.QA

((Reuters.Briefs@thomsonreuters.com;))

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