In the first six months of 2010, Alro reported a net profit of RON29 million.
Alro said total sales rose to RON1.13 billion in the first half, from RON875.4 million in the same period of 2010.
The company’s operating profit advanced 63% on the year to RON227.6 million.
Revenues were up 38% on the year to RON1.42 billion in January to June, while costs increased 22% to RON1.2 billion.
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.
Vimetco recently delayed a planned secondary offering for a 21% stake in Alro until an unspecified date, citing unfavorable market conditions.
On the Bucharest bourse Wednesday, Alro closed up 4.64% at RON3.61 a share. (EUR1=RON4.2855)