Romanian bread and pastry producer Boromir Prod Buzau expects a profit of some RON 5 million (EUR 1.1 million) this year, after reporting loss in 2013. The company also plans to increase its revenues by over 11 percent this year.

Last year, Boromir had revenues of RON 91 million (over EUR 20 million), down 22 percent year-on-year, and net losses of RON 4.7 million (some EUR 1 million), reports local Wall-street.ro.

The company is part of Boromir Group, controlled by businessman Constantin Boromiz, and is listed on the Bucharest Stock Exchange, symbol SPCU.

Irina Popescu, irina.popescu@romania-insider.com