Alro S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 25, 2021
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Alro S.A. Announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced sales was RON 2,514.716 million compared to RON 2,777.801 million a year ago. Operating income was RON 399.427 million compared to RON 99.241 million a year ago. Net income was RON 328.489 million compared to net loss of RON 67.734 million a year ago. Basic earnings per share from continuing operations was RON 0.46 compared to basic loss per share from continuing operations of RON 0.095 a year ago. For the quarter, sales was RON 572.761 million compared to RON 615.448 million a year ago. Operating income was RON 44.325 million compared to operating loss of RON 26.787 million a year ago. Net income was RON 55.408 million compared to net loss of RON 44.499 million a year ago.
Alro SA is a Romania-based company engaged in the manufacture of aluminum. The Companyâs portfolio includes primary aluminum products, such as wire rod, billets, slabs, foundry alloys and ingots, as well as processed aluminum products, such as aluminum plates from soft, medium and hard alloys, including non heat-treated plates and heat-treated plates, sheets, coils, tread plates, embossed sheets and coils, corrugated and heat treated sheets and extrusions. Through its subsidiaries, the Company is also involved in the production of alumina and in the bauxite mining. The Company operates four main production units, including anode facility, electrolytic facility, cast house and processing plant, as well as ancillary and service units, such as electric current transformation and rectification unit, the metallurgical repairs unit, and the pot and furnace repair unit, among others. As of June 30, 2011, the Companyâs subsidiaries included Alum SA, Conef SA and Vimetco Extrusion Srl.