Agroindustrial holding “Astarta”, the largest sugar producer in Ukraine, plans to process up to 2 million tons of sugar beet, grown at the own enterprise and supplied by the third-party farmers in the current season.
To date, the sugar plants have already produced 241 thousand tons of white sugar from more than 1.7 million tons of beets, and plan to process more than 200 thousand tons more, the holding said in a statement on the Warsaw Stock Exchange.
“Astarta” in 2022 began the sugar season on September 16, a total of five sugar refineries of the group were working during the season.
As reported, on December, 9 sugar beet in Ukraine is harvested from 98% of the planned areas, totally 8.9 million tons (+0.3 million tons for the last week) from 177 thousand hectares (+3 thousand hectares).
“Astarta is a vertically integrated agro-industrial holding, which operates in eight regions of Ukraine. It consists of six sugar factories, agro-farms with land bank of 220 thousand hectares, dairy farms with 22 thousand cattle, oil extraction plant in Globino (Poltava region), seven elevators and biogas complex.
Agroholding increased its net profit in 2021 14 times compared to 2020 – up to EUR 122.5 mln, EBITDA – 1.8 times, up to EUR 201.5 mln. Its revenue increased by 18.2% up to EUR 491.35 mln, one third of which (EUR 170 mln) was generated by sugar production and sales.
