Alro S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 01:13 pm EST
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Alro S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was RON 682.83 million compared to RON 739.79 million a year ago. Net loss was RON 229.76 million compared to RON 124.71 million a year ago. Basic loss per share from continuing operations was RON 0.313 compared to RON 0.144 a year ago. Basic loss per share was RON 0.322 compared to RON 0.175 a year ago.
For the nine months, sales was RON 2,241.45 million compared to RON 2,828.03 million a year ago. Net loss was RON 393.17 million compared to RON 109.35 million a year ago. Basic loss per share from continuing operations was RON 0.408 compared to RON 0.09 a year ago. Basic loss per share was RON 0.551 compared to RON 0.153 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.