The company’s profit was RON380,606 at the end of June, slightly lower from RON451,413 a year ago.
Revenue declined by 26.7% in the January-June period, to RON64.5 million, while expenses decreased by the same rate, at RON64.76 million.
In the first half of 2012, Boromir’s number of employees decreased at 773 people, from 1,053 people in the same period a year ago.
Boromir Prod plans to double its profit this year, to RON2.7 million, and invest EUR2.6 million to expand its production capacity.
Boromir Prod is part of Boromir group, one of the largest milling and bakery companies in the local market. The group is controlled by businessman Constantin Boromiz, and also includes the companies Boromir Ind, Boromir Pan, Moara Cibin (MOIB. RO), Extrasib Sibiu, Comcereal Sibiu, Amylon Sibiu (AMY.RO) and Panmed Medias.
On the Bucharest Stock Exchange on Monday, Boromir Prod closed flat at RON0.16 per share. (EUR1=RON4.5307)