The company's net profits figure includes Dubal's share in the profits of Emirates Aluminium (Emal).

Despite the noticeable downfall in net profits from last year, the company's president and CEO, Abdulla JM Kalban, said that the smelter achieved higher production and sales volumes in 2012 when compared with the previous year.

Annual production volumes were up from 1.01Mt in 2011 to 1.02Mt at the end of 2012.

Dubal has produced over 1Mt of aluminium per annum for three consecutive years.