Alro S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021 at 01:53 pm EDT
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Alro S.A. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was RON 793.963 million compared to RON 648.671 million a year ago. Operating income was RON 71.890 million compared to RON 417.985 million a year ago. Net income was RON 14.409 million compared to RON 363.504 million a year ago. Basic earnings per share from continuing operations was RON 0.02 compared to RON 0.509 a year ago. For the half year, sales was RON 1,537.911 million compared to RON 1,360.942 million a year ago. Operating income was RON 63.382 million compared to RON 343.421 million a year ago. Net loss was RON 47.441 million compared to net income of RON 253.439 million a year ago. Basic loss per share from continuing operations was RON 66.000000 compared to basic earnings per share from continuing operations of RON 355.000000 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.