Astarta increases revenues 25% yoy in 1Q12

Astarta (AST PW), the largest sugar producer in Ukraine, reported revenues of UAH 694.1 mln in 1Q12 (+25% yoy), on a 50% yoy increase in sugar deliveries. EBITDA, net of IAS 41 revaluation, stood at UAH 251.7 mln in 1Q12, up 3% yoy (margin of 36% vs. 44% a year ago). Net income, net of IAS 41 revaluation, was UAH 148.2 mln, down 22% yoy.