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Astarta Holding swings to profit in Q4

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Astarta Holding swings to profit in Q4

Astarta Holding NV said its normalized net income for the fourth quarter was 30.53 hryvnia per share, compared with a loss of 37 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 725.0 million hryvnia, compared with a loss of 9.2 million hryvnia in the prior-year period.

The normalized profit margin rose to 25.5% from negative 0.5% in the year-earlier period.

Total revenue climbed 57.5% on an annual basis to 2.85 billion hryvnia from 1.81 billion hryvnia, and total operating expenses fell year over year to 985.3 million hryvnia from 1.02 billion hryvnia.

Reported net income totaled a loss of 277.5 million hryvnia, or a loss of 11.69 hryvnia per share, compared to a loss of 748.2 million hryvnia, or a loss of 30.43 hryvnia per share, in the year-earlier period.

For the year, the company's normalized net income totaled 12.04 hryvnia per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 15.93 hryvnia.

EPS was a loss of 24.50 hryvnia in the prior year.

Normalized net income was 296.0 million hryvnia, compared with a loss of 608.9 million hryvnia in the prior year.

Full-year total revenue rose 38.9% on an annual basis to 7.64 billion hryvnia from 5.50 billion hryvnia, and total operating expenses grew 18.9% on an annual basis to 4.89 billion hryvnia from 4.12 billion hryvnia.

The company said reported net income totaled 371.5 million hryvnia, or 15.12 hryvnia per share, in the full year, compared with a loss of 1.01 billion hryvnia, or a loss of 40.55 hryvnia per share, the prior year.

As of March 29, US$1 was equivalent to 26.35 hryvnia.