Alro S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
February 24, 2020 at 01:06 am EST
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Alro S.A. Announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was RON 615.448 million compared to RON 686.133 million a year ago. Operating loss was RON 26.805 million compared to operating Income of RON 53.582 million a year ago. Net loss was RON 45.594 million compared to net income of RON 11.814 million a year ago. Basic loss per share was RON 0.063 compared to basic earnings per share of RON 0.016 a year ago. For the full year, sales was RON 2,777.801 million compared to RON 2,982.501 million a year ago. Operating income was RON 99.223 million compared to RON 361.840 million a year ago. Net loss was RON 68.829 million compared to net income of RON 235.006 million a year ago. Basic loss per share was RON 0.096 compared to basic earnings per share of RON 0.329 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.