In January to March last year, Alro reported net profit of RON50.5 million.
Alro said total revenue rose 56% on the year to RON732.6 million in the first quarter, while expenditure was up 44% to RON588 million.
Overall sales stood at RON564.3 million, up 36.2% from RON414.2 million in the first quarter of 2010, according to the company’s financial report.
Alro’s results are unaudited and computed in accordance with Romanian accounting standards.
Dutch-based Vimetco controls 84.18% of Alro’s shares, while the remaining shares are distributed among various holders.
On the Bucharest bourse Thursday, Alro closed flat at RON3.98 a share. (EUR1=RON4.0997)