Agricultural holding “Astarta”, the largest sugar producer in Ukraine, in October-December 2022, reduced sales of the product by 27.7% compared to the same period in 2021 – up to 62.1 thousand tons, but its average selling price rose by 43.6% – to 25.62 thousand UAH per ton.
According to the agrarian group’s report on the Warsaw Stock Exchange on Tuesday evening, milk sales in the fourth quarter of 2022 increased 9% to 26,500 tons.
Soybean oil sales jumped 75.3% to 10,700 tons, wheat 2.9 times to 135,200 tons, and rapeseed more than 2.9 times to 12,400 tons,
At the same time, soybean meal sales fell by 8.2% to 26.5 thousand tons, sunflower seed – by 8.3% to 23.3 thousand tons, corn – 4 times to 82 thousand tons.
Agroholding specified that the average cost of soybean oil sold in October-December, 2022 increased by 28.1% up to 44.67 thousand UAH/ton, soybean meal – by 23.5% up to 17.54 thousand UAH/ton, milk – by 8.8% up to 13.73 thousand UAH/ton, corn – by 66.5% up to 9.6 thousand UAH/ton, wheat – by 25.3% up to 9.4 thousand UAH/ton.
Only sunflower seed went down in price – by 7.4%, to 15.94 thousand UAH/ton.
Thus, taking into account the volume of sold products and their average price, we can tentatively estimate the growth of Astarta’s revenues in the fourth quarter of last year compared to the fourth quarter before last year at 7.4% – up to UAH 5 billion 796.4 mln. In particular, sugar decreased by 3.7% to UAH 1 billion 589.5 million, wheat – 3.6 times to UAH 1 billion 270.3 million, rapeseed – almost 2.9 times to UAH 280.3 million, soybean oil – 2.2 times to UAH 488.6 million, soybean meal – by 13.4% to UAH 644.7 million and milk – 18.6% to UAH 363.2 million.
Meanwhile, sales of corn decreased 58.8% to UAH 787.7 mln, while sunflower sales decreased 15% to UAH 372.1 mln.
The company also reported that to date it has harvested corn from 90% of the area, its average yield is estimated at 9 tons per hectare.
“Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It consists of six sugar factories, farms with land bank of 220 thousand hectares and dairy farms with 22 thousand cattle, oil extraction plant in Globino (Poltava region), seven elevators and biogas complex.
In 9M2012, Agropromholding received EUR102.2 mln, which is 11.7% more than in 9M2012. 9M2012 Agroindustrial Holding received net profit amounting to EUR 102.2 mln, which is 39.3% less compared with the same period of the previous year, while its revenue increased by 13% – to EUR 341.3 mln.
In UAH terms Astarta’s net profit for 9M2012 decreased to EUR 341.3 mln. Astarta decreased its net profit by 38.6% – to UAH 2 bln 76.15 mln, while its revenue increased by 14.7% – to UAH 11 bln 268.54 mln.
