Alro S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
January 14, 2023
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Alro S.A. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was RON 619.5 million compared to RON 1,033.53 million a year ago. Net income was RON 522.03 million compared to RON 50.92 million a year ago. Basic earnings per share from continuing operations was RON 0.731 compared to RON 0.071 a year ago. Diluted earnings per share from continuing operations was RON 0.731 compared to RON 0.071 a year ago.
For the full year, sales was RON 3,554.07 million compared to RON 3,499.96 million a year ago. Net income was RON 412.68 million compared to RON 26.43 million a year ago. Basic earnings per share from continuing operations was RON 0.578 compared to RON 0.037 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.