The final audited net profit was higher than the preliminary unaudited net profit of RON232.7 million the company announced in February.
The group’s adjusted net profit stood at RON249 million in 2018, up 38.1% on the year.
The group’s turnover grew to almost RON3 billion in 2018 from RON2.7 billion in 2017.
Alro Slatina (ALR.RO) reported a net profit of RON226 million in 2018, down 29% compared with a net profit of RON318 million in 2017.
Its adjusted net profit stood at RON227 million in 2018, compared with RON355 million in 2017.
Its EBITDA margin was above 16%, at RON486 million in 2018, compared with RON566 million in 2017, the company said.
Primary aluminum sales grew to 153,000 tons from 151,000 tons in 2017, while processed aluminum sales declined to 78,000 tons from 82,000 tons in 2017, as Alro started a modernization program for one of its rolling mills in 2018.
Alro Group consists of ALRO S.A. – manufacturer of aluminum, Alum S.A. – producer of alumina, Sierra Mineral Holdings I, Ltd. – bauxite mining, Vimetco Extrusion S.R.L. – extrusion business line, Conef S.A. – holding and management company, Global Aluminium Ltd. – holding company and Bauxite Marketing Ltd – marketing.
Alro’s main shareholder is Vimetco NV, with a stake of 54.19%, while Paval Holding owns 23.21%, and Fondul Proprietatea owns 12.39%.