However, the company’s profit fell to RON166,000, from RON219,000 in the first six months of 2010.
Moara Cibin reported total revenue of RON62.2 million in the first half and overall costs of RON61.9 million.
Moara Cibin 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.
Besides Moara Cibin, the group also includes the companies Boromir Prod Buzau (SPCU.RO), Boromir Ind, Boromir Pan, Extrasib Sibiu, Comcereal Sibiu, Amylon Sibiu (AMY.RO) and Panmed Medias.
On the Bucharest bourse Tuesday, Moara Cibin closed up 12% at RON0.28 a share. (EUR1=RON4.2886)