Alro: Net profit of RON 113m in H1

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The aluminium producer Alro Slatina reports an adjusted net profit of RON 113 million in the first six months of this year, after an adjusted net loss of RON 80 million in H1 2014, the company reported on Friday, capital.ro informs.
“In the first six months of 2015, we recorded positive results after a period of three consecutive years of losses,” said Alro Chairman of the Board, Marian Nastase.
Company sales amounted to RON 1.2 billion during H1, up by 24% against RON 966 million in the first half of 2014.
At the group level, the adjusted net profit was of RON 136 million, as compared to an adjusted net loss of RON 89 million in H1 last year. At the same time, Group sales totalled RON 1.28 billion, up by more than 25% from RON 1.02 billion in the similar period of the previous year.
The company announced it will continue its investment program focused on upgrading and increasing the efficiency of operations, with a budget of USD 59 million allocated for 2015.

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