Alro S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 12, 2019 at 01:12 pm EDT
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Alro S.A. Announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was RON 738.779 million compared to RON 814.368 million a year ago. Operating income was RON 106.999 million compared to RON 109.721 million a year ago. Net income was RON 88.364 million compared to RON 29.406 million a year ago. Basic earnings per share was RON 0.124 compared to RON 0.041 a year ago. For the half year, sales was RON 1,506.218 million compared to RON 1,563.610 million a year ago. Operating income was RON 166.358 million compared to RON 211.146 million a year ago. Net income was RON 79.234 million compared to RON 153.974 million a year ago. Basic earnings per share was RON 0.111 compared to RON 0.216 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.