Alro S.A. Announces Unaudited Separate Earnings Results for the Third Quarter and Nine Months Ended 30 September 2017; Provides Investment Budget Guidance for the Fourth Quarter of 2017; Announces Production Results for the Nine Months Ended 30 September 2017
November 14, 2017
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Alro S.A. announced unaudited separate earnings results for the third quarter and nine months ended 30 September 2017. For the quarter, the company reported sales of RON 601,154,000 against RON 466,483,000 a year ago. Operating profit (EBIT) was RON 87,921,000 against RON 32,248,000 a year ago. Profit before income taxes was RON 79,841,000 against RON 29,729,000 a year ago. Profit for the period was RON 67,474,000 against RON 24,717,000 a year ago. Adjusted net result was RON 82,354,000 against RON 30,304,000 a year ago. Basic and diluted earnings per share were RON 0.095 against RON 0.035 a year ago. Net cash generated by operating activities was RON 50,432,000 against cash used in operating activities of RON 22,167,000 a year ago. Purchase of property, plant and equipment and intangible was RON 40,446,000 against RON 14,801,000 a year ago.
For the nine months, the company reported sales of RON 1,861,794,000 against RON 1,577,574,000 a year ago. Operating profit (EBIT) was RON 273,499,000 against RON 111,075,000 a year ago. Profit before income taxes was RON 266,586,000 against RON 77,287,000 a year ago. Profit for the period was RON 223,425,000 against RON 63,795,000 a year ago. Adjusted net result was RON 269,012,000 against RON 94,248,000 a year ago. Basic and diluted earnings per share were RON 0.313 against RON 0.089 a year ago. Net cash generated by operating activities was RON 266,728,000 against RON 78,736,000 a year ago. Purchase of property, plant and equipment and intangible was RON 101,286,000 against RON 55,258,000 a year ago. EBITDA was RON 336 million, compared to RON 167 million in the similar period of 2016.
For the nine months, the company reported primary aluminium production of 211,000 tonnes, compared to 205,000 tonnes in similar period of 2016. Processed aluminium production was 63,000 tonees, compared to 58,000 tonnes in similar period of 2016.
In the last quarter of 2017, the company will continue the investments for technological upgrading and operational streamline, according to the approved budget of USD 41 million for the entire 2017 and will monitor the evolution of raw material costs, in order to keep its competitiveness on international markets.
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.
Alro S.A. Announces Unaudited Separate Earnings Results for the Third Quarter and Nine Months Ended 30 September 2017; Provides Investment Budget Guidance for the Fourth Quarter of 2017; Announces Production Results for the Nine Months Ended 30 September 2017
ALRO S.A. 
