Alcomet’s net profit dips to 818,000 levs in nine months; extruded products sales up 10%

Bulgaria’s aluminium products manufacturer Alcomet reported net profit of 818,000 levs in the first nine months of 2020, down from 8.3 million levs in the first nine months of 2019.

Sales of extruded products increased by 10.2% year-on-year to 19,878 tonnes. Rolled products sale came in at 33,931 tonnes, up 3.2% year-on-year. Total sales rose to 53,809 tonnes, from 50,926 tonnes last year.

Germany, Poland and Italy were the top importers of the company’s products in the first three quarters of 2020.

Revenue stood at 263.1 million levs in the January-September 2020 as compared to 273.7 million levs in the January-September 2019.

The output of extruded products increased to 19,240 tonnes from 17,414 tonnes a year earlier. Rolled products production dropped to 33,974 tonnes from 34,184 tonnes. The total output increased by 3.1% to 53,213 tonnes in the review period.

Alcomet offers a broad range of aluminium semi-finished products – household, technical and container foils, finstock, sheets and strips, as well as standard and customized aluminium profiles.