trending Market Intelligence /marketintelligence/en/news-insights/trending/LMGyE9zSzafMlahr0sKrxQ2 content esgSubNav
In This List

Astarta Holding swings to profit in Q2

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Astarta Holding swings to profit in Q2

Astarta Holding NV said its second-quarter normalized net income came to 13.52 hryvnia per share, compared with a loss of 15 kopiykas per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 335.9 million hryvnia, compared with a loss of 3.6 million hryvnia in the prior-year period.

The normalized profit margin increased to 20.1% from negative 0.3% in the year-earlier period.

Total revenue increased 24.6% year over year to 1.67 billion hryvnia from 1.34 billion hryvnia, and total operating expenses increased 37.6% year over year to 1.36 billion hryvnia from 991.4 million hryvnia.

Reported net income increased 79.9% on an annual basis to 1.23 billion hryvnia, or 49.61 hryvnia per share, from 685.2 million hryvnia, or 27.52 hryvnia per share.

As of Aug. 18, US$1 was equivalent to 22.10 hryvnia.