Alumil, the local unit of Greece’s Alumil Mylonas, reported a net profit of RON0.56 million in the first half, 36.2% lower on the year. The company swung to profit in the second quarter from losses in the first three months of 2013.
The aluminum processor posted total revenue of RON37.5 million in the first six months, up 17% from RON32 million in the same period of 2012. Overall costs rose 19% to RON36.8 million.
Alumil Mylonas holds 55.9% in Alumil, while the company’s president Michail Sotiriou owns a 23.95% stake.
At around 11:40 am Wednesday, Alumil traded up 4.72% at RON1.11 a share in Bucharest, amid a slightly rising market. (EUR1=RON4.425)