Alro S.A. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 11:34 am EST
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Alro S.A. Announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was RON 656.135 million compared to RON 732.758 million a year ago. Operating loss was RON 40.330 million compared to operating Income of RON 97.112 million a year ago. Net loss was RON 102.469 million compared to net income of RON 69.218 million a year ago. Basic loss per share was RON 0.144 compared to basic earnings per share of RON 0.097 a year ago. For the nine months, sales was RON 2,162.353 million compared to RON 2,296.368 million a year ago. Operating income was RON 126.028 million compared to RON 308.258 million a year ago. Net loss was RON 23.235 million compared to net income of RON 223.192 million a year ago. Basic loss per share was RON 0.033 compared to basic earnings per share of RON 0.313 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.