The drop in turnover by RON27 million was impacted by a decrease of RON28 million (or 85%) in revenue generated by the sale of merchandise, and by an increase of RON111,900 (0.4%) in revenue generated by the sale of finished products.
The company says it holds 0.5% of the market, but it is the only milling and bakery company listed on the stock market. Boromir has a market capitalization of RON48 million and its shares last traded at RON0.205/unit on August 9. The company’s shares have surged 61% since the beginning of 2016.
Boromir shares rose 36.7% between August 2015 and August 2016.