The company, a member of the Dutch-registered Vimetco group, estimates an adjusted full-year loss of $18.33 million, narrower from $62.3 million in 2013.
Operating loss is projected at $3.02 million, also sharply narrower from $54.3 million in the previous year.
Raw aluminum output is expected to increase to 144,989 tons in 2014, from roughly 140,000 tons a year ago. The company estimates it will process 83,503 metric tons of aluminum this year.
Alro has scheduled total investments of $14.2 million for 2014.
Vimetco controls 84.19% of Alro’s shares, while the remaining shares are distributed among various holders.
Wednesday, Alro’s shares closed up 2.82% at RON1.275 in Bucharest, valuing the company at RON910 million ($281.7 million). ($1=RON3.2307)