Alro S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021 at 11:23 am EST
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Alro S.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was RON 928.51 million compared to RON 581.01 million a year ago. Net income was RON 22.95 million compared to RON 19.64 million a year ago. Basic earnings per share from continuing operations was RON 0.032 compared to RON 0.028 a year ago.
For the nine months, sales was RON 2,466.42 million compared to RON 1,941.96 million a year ago. Net loss was RON 24.49 million compared to net income of RON 273.08 million a year ago. Basic loss per share from continuing operations was RON 0.034 compared to basic earnings per share from continuing operations of RON 0.383 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.