In the first semester of the year, "Boromir Prod" SA Buzău saw a net turnover of 51.7 million lei, down 9.77% YOY. The company"s gross profit during the aforementioned period was 1.38 million lei, down 49.56% compared to H1 2009, according to the statement the company sent to the Bucharest Stock Exchange. The company"s net profit stood at 780,755 lei, down 65.64% compared to the first half of 2009.
Operating revenues stood at 69.8 million lei, down around 21% compared to H1 2009, whereas operating expenses decreased YOY from 86.1 million lei in H1 2009 to 67.7 million lei.
The production and sale of milling products accounted for 41.57% of "Boromir""s total output in the first semester. Bakery products accounted for 26.88%, and pastry products 2.34%. Confectionery products accounted for 0.5%, bagels had a weight of 20.39%, and pasta accounted for 9.55%.
In H1 2010, "Boromir" performed a share capital increase from 12,358,950 lei to 24,372,188 lei, and shareholders registered on March 18th, 2010 had a right of preemption.
The company"s non-current assets increased 3.7% in the first semester, compared to June 30, 2009. Capital assets increased significantly from 6,281,214 lei to 16,116,586 lei, due to the purchase of stock in "Amylon" SA and "Moara Cibin" SA.
Debts falling due within a year decreased 3.18% YOY, whereas debts with a maturity exceeding 1 year decreased 47.53%, due to the closing of the credit lines opened with Banca Transilvania and Piraeus Bank.
Alina Toma Vereha (Translated by Cosmin Ghidoveanu)
In the first semester of the year, "Boromir Prod" SA Buzău saw a net turnover of 51.7 million lei, down 9.77% YOY. The company"s gross profit during the aforementioned period was 1.38 million lei, down 49.56% compared to H1 2009, according to the statement the company sent to the Bucharest Stock Exchange. The comp
