KYIV. Aug 15 (Interfax-Ukraine) – Astarta agro-industrial holding saw a 3.3-fold rise in net profit in January-June 2016 year-over-year, totaling EUR 75.2 million, according to a company report on the Warsaw Stock Exchange (WSE).
Consolidated revenue grew by 17%, to EUR 148 million, earnings before interest, tax, depreciation and amortization (EBITDA) rose by 23%, to EUR 109 million and gross profit – by 1.7%, to EUR 95.6 million.
The share of exports of total revenue was 50%. Net debt as of June 30, 2016 fell by 30%, to EUR 144 million. Net debt/EBITDA ratio was 1.
Net profit soared by 3.9 times in the national currency, to UAH 2.14 billion, revenue – by 40%, to UAH 4.2 billion and gross profit – by 21.5%, to UAH 2.7 billion.
Sugar revenue grew by 2%, to EUR 60 million (41% of consolidated revenue). Out of 140,000 tonnes of sugar sold almost 20,000 was exported.
Crops revenue grew by 67%, to EUR 35 million (24% of consolidated revenue). Over 201,000 tonnes were sold and 86% of it was exported.
Soybean crushing segment revenue increased by 23%, to EUR 38 million (26% of consolidated revenue).
Milk segment brought 8% of consolidated revenue to the company (EUR 12 million).
Astarta is a vertically integrated agro-industrial holding, uniting six regional divisions in Poltava, Vinnytsia, Khmelnytsky, Ternopil, Zhytomyr, and Kharkiv regions. They include nine sugar factories, agricultural farms with a land bank of about 250,000 hectares and dairy farms. The holding also has a plant for processing soybeans in Poltava region (Globyno processing plant).
