Alro S.A. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 13, 2020 at 11:16 am EST
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Alro S.A. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was RON 581.013 million compared to RON 656.135 million a year ago. Operating income was RON 11.681 million compared to operating loss of RON 40.330 million a year ago. Net income was RON 19.642 million compared to net loss of RON 102.469 million a year ago. Basic earnings per share from continuing operations was RON 0.028 compared to basic loss per share from continuing operations of RON 0.144 a year ago. For the nine months, sales was RON 1,941.955 million compared to RON 2,162.353 million a year ago. Operating income was RON 355.102 million compared to RON 126.028 million a year ago. Net income was RON 273.081 million compared to net loss of RON 23.235 million a year ago. Basic earnings per share from continuing operations was RON 0.383 compared to basic loss per share from continuing operations of RON 0.033 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.