Romanian shipyard Santierul NavalOrsova (SNO) is hoping to return to the black this year.

The company said it is aiming for netprofit of RON 3.5m ($1.08m) in 2014, against a loss of RON 2.8m in 2013.

Revenues are expected to reach RON 57.35m, withcosts at RON 53.85m.

It will also invest RON 2.38m this year.