50m euros for Boromir

Milling and bakery company Grup Boromir Sibiu logged higher turnover last year primarily because of the soaring wheat prices on the international markets. “We posted 50 million-euro turnover, up nearly 70% compared with the previous year when we made 30 million euros. The growth is solely due to the double price of the imported wheat, as a result of an unprecedented shortage on the domestic wheat market. Gross profit was only $1 million,” said Mircea Ureche, owner of 34% in Grup Boromir. He estimates turnover in 2004 will maintain at the same level as in 2003. ZF