2009 subsidiary results
18.02.2010
Amsterdam, 18 February 2010 – Vimetco, the largest aluminium producer in Central and Eastern Europe, today announces that its Romanian subsidiary, Alro, released its preliminary financial results to the Bucharest stock exchange. Alro (BSE: ALR) reported a preliminary net profit for 2009 of RON 93.6 million (approx USD 30.7 million), and a turnover of RON 1.41 billion (USD 462.5 million).1. Alro’s total primary aluminium production for last year decreased to approx 201,000 tonnes. The complete report is available at www.bvb.ro
Henan Zhongfu Industrial Co., Ltd., Vimetco’s Chinese subsidiary, also released its 2009 results to the Shanghai Stock Exchange, reporting a net profit attributable to parent company in 2009 of
RMB 310,399,560.34. Henan Zhongfu Industrial Co., Ltd. intends to take the total share capital of 657,255,594 shares from 31st December 2009 as basis, to distribute 3 bonus shares and RMB 0.6 in cash to all shareholders for every 10 share held (tax included). The announcements are available on www.sse.com.cn
Notes
1. The financial results do not include potential charges for impairment of assets and other potential impairments. The final impairment analysis might impact the net profit.
For further information please contact:
About Vimetco
Vimetco is a global, vertically integrated producer of primary and processed aluminium products with major production assets in Romania, Sierra Leone and China, and a holding company in The Netherlands. Vimetco NV controls an aluminium production capacity of 930,000 tonnes pa. Vimetco’s shares are listed on the London Stock Exchange (LSE:VICO). www.vimetco.com
Henan Zhongfu Industrial Co., Ltd., Vimetco’s Chinese subsidiary, also released its 2009 results to the Shanghai Stock Exchange, reporting a net profit attributable to parent company in 2009 of
RMB 310,399,560.34. Henan Zhongfu Industrial Co., Ltd. intends to take the total share capital of 657,255,594 shares from 31st December 2009 as basis, to distribute 3 bonus shares and RMB 0.6 in cash to all shareholders for every 10 share held (tax included). The announcements are available on www.sse.com.cn
Notes
1. The financial results do not include potential charges for impairment of assets and other potential impairments. The final impairment analysis might impact the net profit.
For further information please contact:
| Florenta Ghita |
Phone +40 (0)21 411 01 52 |
| Premium Communication | Mobile +40 740 063 116 |
| Bucharest | Email florenta.ghita@premiumpr.ro |
About Vimetco
Vimetco is a global, vertically integrated producer of primary and processed aluminium products with major production assets in Romania, Sierra Leone and China, and a holding company in The Netherlands. Vimetco NV controls an aluminium production capacity of 930,000 tonnes pa. Vimetco’s shares are listed on the London Stock Exchange (LSE:VICO). www.vimetco.com
