Astarta revenue rises 24% yoy in 1H12

Astarta (AST PW), the largest sugar producer in Ukraine, announced its 1H12 consolidated financial results according to IFRS this morning: revenues totalled EUR 143.4 mln (+23.5% yoy), on higher sales of sugar, grains and milk. EBITDA stood at EUR 71.4 mln, up 7.2% yoy (margin of 50% vs. 58% a year ago), while net income was EUR 52.8 mln, down 6.7% yoy.