The loss in the first quarter of 2022 is because “the sales revenues could not offset the high production costs resulting from raw materials and utilities prices.”
Alro also posted consolidated turnover of RON1.1 billion in January-March 2022, 48% higher than in the year-ago period as a result of a quantitative increase in processed product deliveries and higher aluminum prices on the London Metal Exchange (LME).
(English version by Loredana Fratila-Cristescu)