Alro S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 10, 2022 at 02:01 pm EDT
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Alro S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was RON 1,034.16 million compared to RON 793.96 million a year ago. Net income was RON 33.46 million compared to RON 14.41 million a year ago. Basic earnings per share from continuing operations was RON 0.047 compared to RON 0.02 a year ago.
For the six months, sales was RON 2,136.31 million compared to RON 1,537.91 million a year ago. Net income was RON 15.36 million compared to net loss of RON 47.44 million a year ago. Basic earnings per share from continuing operations was RON 0.022 compared to basic loss per share from continuing operations of RON 0.066 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.