Sales of primary aluminium to third parties stood at RON576 million and accounted for 42% of the groups’ total revenues, while processed aluminium sales accounted for 50% of the group’s revenues, or RON676.3 million, the company said in its earnings report Wednesday.
Alro Slatina alone posted a profit of RON211 million in the first six months, compared with a loss of RON1.48 million in the same period of 2019. Its sales amounted to RON1.22 billion, down 8.1% on the year.
The groups’ assets stood at RON2.77 billion at the end of June, higher compare with RON2.46 billion at the end of 2019. Alro Slatina’s total assets stood at RON2.46 billion end-June from RON2.1 billion end-2019.
The group’s total debts grew 3%, to RON1.74billion at the end of June, mainly due to loans taken by the parent company in the first half of the year.
Alro Slatina is majority owned by Russian group Vimetco (54.18%), while Paval Holding owns 23.21% and Fondul Proprietatea owns 10.2%.