Romania's No.1 aluminum maker Alro Slatina sees 15% hike in net profit in 2007

The company posted 438.3 million lei net profit in 2007, versus 380.87 million lei in 2006. Its revenues dropped 7 percent last year, reaching 2.05 billion lei, against 2.18 billion lei in 2006.

Alro Slatina's debts hiked 42 percent last year, from 514.20 million lei to 729.36 million lei and the spendings decreased 7 percent, from 1.87 billion lei to 1.74 billion lei.

The company has a share capital of 356.89 million lei, divided into 713.78 million shares with a face value of 0.50 lei. It is listed on the first tier of the BSE under the symbol ALR. Alro's market value stood at 5.07 billion lei at a trading value of 7.10 lei established on February 15.

Source: NewsIn