However, net profit increased to RON251,000 from RON120,000 in January-September 2011.
The company’s revenues fell 25.7% in the first nine months to RON97.58 million, while overall expenses dropped by a similar level to RON96.89 million.
Boromir had 1,086 employees at the end of September.
The company targets to double its net profit this year to RON2.7 million, from RON1.3 million in 2011. It plans to invest EUR2.6 million in expanding its production units.
The company 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.
Apart from Boromir Prod, the group 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 market Wednesday, Boromir Prod traded down 1.41% to RON0.14 a share. (EUR1=RON4.5379)