Alro S.A. Announces Group and Company Earnings Results for the Six Months Ended June 30, 2017; Provides Investment Budget Guidance for the Year 2017
August 10, 2017
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Alro S.A. announced group and company earnings results for the six months ended June 30, 2017. For the period, the company reported a turnover of RON 1.3 billion compared to RON 1.1 billion a year ago. Adjusted net profit of RON 187 million, compared to RON 64 million a year ago. Net profit was RON 156 million compared to RON 39 million a year ago. EBITDA was RON 227 million, compared to RON 118 million a year ago.
For the period, the group reported turnover of RON 1.4 billion compared to 1.2 billion a year ago. EBITDA of RON 292 million, compared to RON 137 million, in the similar period of 2016. Adjusted net profit was RON 219 million, compared to RON 56 million a year ago. The net profit was RON 187 million, compared to RON 35 million a year ago.
For 2017, the company allocated an investment budget of almost USD 41 million, as the investment component has been and remains a key
element for the company's and the Group's future, in order to ensure its organic and sustainable growth.
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. 
