Sales widened by 30.7% in the timeframe analyzed, to RON1.7 billion, according to financial results posted on the Bucharest Stock Exchange.

In the timeframe analyzed, revenue rose 24.5% to RON2.03 billion, while expenditure increased by 20.4% to RON1.77 billion.

Operating profit stood at RON332 million, up 46% on the year.

The financial report is unaudited and compiled under Romanian financial reporting standards.

The company’s overall primary aluminum production reached 199,285 tons, up 10.9% from 179,575 tons in the same timeframe of 2010.

In addition, processed aluminum production jumped to 41,642 tons, from 7,768 tons.

The company is 84.18% owned by Dutch Vimetco, while investment fund Fondul Proprietatea (FP.RO) holds a 10% stake.

Early Tuesday, Alro shares were trading on the Bucharest Stock Exchange at RON3.5, up 0.57% on the day. (EUR1=RON4.3448)

Subiecte #ALRO#RESULTS