Romanian bakery chain posts EUR 0.5 mln profit, hopes to exit insolvency
Local bakery chain Fornetti Romania ended 2014 with a EUR 500,000 profit and a EUR 22.2 million turnover, hoping to exit insolvency this year, reports local Mediafax.
2014 was the first year with profit since the company became insolvent at the end of 2011 and entered a reorganization plan that ends on May 31, 2015.
Fornetti Romania posted a EUR 15.7 million turnover and EUR 1.2 million losses in 2013, according to information from the Ministry of Public Finance.
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