Alum is 99.38%-owned by aluminum smelter Alro Slatina (ALR.RO), part of Dutch-registered Vimetco group.
Alro bought 3.18 million new shares in Alum at a face value of RON5.95.
Alum reported net profit of RON31.6 million in 2010, on total revenue of RON484 million. The company estimates a 68% increase in profit to RON53.3 million this year, while revenues are seen growing 25% to RON607 million.
On the Bucharest bourse June 30, Alum Tulcea closed down 33% at RON2.01 a share. (EUR1=RON4.2087)