Astarta reports 1H11 results, in line with guidance

Astarta (WSE: AST PW), the largest sugar producer in Ukraine, reported its 1H11 financials on Tuesday, posting USD 95 mln in net revenues and USD 59.7 mln in EBITDA (USD 33.6 mln if adjusted for biological revaluation). Yegor Samusenko: The reported figures are in line with company guidance released a month ago. We confirm our projections of USD 346 mln in 2011E revenues and USD 137 mln in EBITDA for 2011E.