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Astarta Holding Q3 loss narrows YOY

Astarta Holding NV said its normalized net income for the third quarter was a loss of 86 kopiykas per share, compared with a loss of 4.89 hryvnia per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 21.4 million hryvnia, compared with a loss of 122.0 million hryvnia in the year-earlier period.

The normalized profit margin rose to negative 1.2% from negative 8.9% in the year-earlier period.

Total revenue rose 29.3% on an annual basis to 1.78 billion hryvnia from 1.38 billion hryvnia, and total operating expenses rose 24.8% year over year to 1.59 billion hryvnia from 1.27 billion hryvnia.

Reported net income totaled 103.3 million hryvnia, or 4.16 hryvnia per share, compared to a loss of 424.1 million hryvnia, or a loss of 17.01 hryvnia per share, in the year-earlier period.

As of Nov. 9, US$1 was equivalent to 22.77 hryvnia.