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Astarta Holding Q3 loss narrows YOY

Astarta Holding NV said its normalized net income for the third quarter came to a loss of 15 kopiykas per share, compared with a loss of 86 kopiykas per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 3.7 million hryvnia, compared with a loss of 21.4 million hryvnia in the prior-year period.

The normalized profit margin increased to negative 0.2% from negative 1.2% in the year-earlier period.

Total revenue rose 9.3% year over year to 1.95 billion hryvnia from 1.78 billion hryvnia, and total operating expenses climbed on an annual basis to 1.64 billion hryvnia from 1.59 billion hryvnia.

Reported net income decreased 7.5% from the prior-year period to 95.5 million hryvnia, or 3.91 hryvnia per share, from 103.3 million hryvnia, or 4.16 hryvnia per share.

As of Nov. 10, US$1 was equivalent to 25.57 hryvnia.