Qamco posts net profit of QAR80mn

Qatar Aluminum Manufacturing Company (Qamco) sales volume rose by 2pc and production increased by 1pc in its first fiscal year (Dec 2018 to Dec 2019). Qamco’s net profit for the period was QAR80.0mn ($21.97mn) as the company managed maintained LME price premiums despite continued fall in global aluminium prices. Qamco owns 50pc stake in Qatalum (Qatari Aluminum) with the remaining 50pc held by a Hydro subsidiary. 

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