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Astarta Holding Q2 profit climbs 22.8% YOY

Astarta Holding NV said its second-quarter normalized net income amounted to 16.91 hryvnia per share, a gain of 25.1% from 13.52 hryvnia per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 412.7 million hryvnia, a gain of 22.8% from 335.9 million hryvnia in the prior-year period.

The normalized profit margin dropped to 18.6% from 20.1% in the year-earlier period.

Total revenue rose 32.7% on an annual basis to 2.21 billion hryvnia from 1.67 billion hryvnia, and total operating expenses climbed 11.6% year over year to 1.52 billion hryvnia from 1.36 billion hryvnia.

Reported net income grew 30.7% from the prior-year period to 1.61 billion hryvnia, or 66.02 hryvnia per share, from 1.23 billion hryvnia, or 49.61 hryvnia per share.

As of Aug. 12, US$1 was equivalent to 25.05 hryvnia.