Alro S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 03:00 pm EDT
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Alro S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was RON 768.53 million compared to RON 988.49 million a year ago. Net loss was RON 111.15 million compared to net income of RON 33.46 million a year ago. Basic loss per share from continuing operations was RON 0.039 compared to basic earnings per share from continuing operations of RON 0.066 a year ago. Diluted loss per share from continuing operations was RON 0.039 compared to diluted earnings per share from continuing operations of RON 0.066 a year ago. Basic loss per share was RON 0.156 compared to basic earnings per share of RON 0.047 a year ago. Diluted loss per share was RON 0.156 compared to diluted earnings per share of RON 0.047 a year ago.
For the six months, sales was RON 1,558.61 million compared to RON 2,088.24 million a year ago. Net loss was RON 163.41 million compared to net income of RON 15.36 million a year ago. Basic loss per share from continuing operations was RON 0.095 compared to basic earnings per share from continuing operations of RON 0.054 a year ago. Diluted loss per share from continuing operations was RON 0.095 compared to diluted earnings per share from continuing operations of RON 0.054 a year ago. Basic loss per share was RON 0.229 compared to basic earnings per share of RON 0.022 a year ago. Diluted loss per share was RON 0.229 compared to diluted earnings per share of RON 0.022 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.
ALRO S.A. 
