Its net profit rose slightly to RON6.5 million on the year in 2023.
The results come in a context in which the volume of construction works for residential buildings dropped 6.6% and for non-residential buildings rose just 2.3% year-over-year in 2023, in line with data from Romania’s statistics board INS.
Alumil has a market value of RON70.6 million and is 55.9%-owned by Greece-based Alumil SA, while Michail Sotiriou holds 23.95% of the share capital. ALU shares have gained 7.6% so far in 2024, amid deals worth nearly RON1 million, as per stock market data.