ROMANIA: Boromir bakery producer increased its business in H1 | Progresiv
Bakery producer Boromir Prod reported in the first half of this year business of 32.35 million lei, up by 2.5% compared to the same period last year. In terms of profitability, Boromir Prod reported a net result of 0.76 million lei, compared to 3.85 million lei in the first six months of 2017. 
"The increase of turnover by 806,861 lei at 30.06.2018 compared to 30.06.2017 was influenced by the increase of the proceeds from the sold production with the amount of 2.15 million lei, as well as by the decrease of the proceeds from the sale of the goods by 357.174 lei and by the increase of the trade discounts granted by 992,179 lei", shows a company report.
In terms of division performance, sales of milling products recorded a 12.35% decline in value over the first half of 2017, both in the key account networks and within the local distribution. As for bakery products, pretzels and pastries, the value of sales reported an advance of 3.77%.
Boromir Prod Buzau is part of the Boromir Group, alongside Moara Cibin SA, Boromir Ind and Amylon SA. Boromir owns a chain of specialized stores, "Boromir Pan Café" (stores with areas between 50 and 150 sqm), a project launched nine years ago.
