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Astarta Holding Q1 loss widens 56.8% YOY

Astarta Holding NV said its first-quarter normalized net income came to a loss of 29.92 hryvnia per share, compared with a loss of 18.98 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 743.6 million hryvnia, compared with a loss of 474.2 million hryvnia in the year-earlier period.

The normalized profit margin declined to negative 55.4% from negative 48.7% in the year-earlier period.

Total revenue climbed 37.9% year over year to 1.34 billion hryvnia from 972.9 million hryvnia, and total operating expenses increased 15.2% from the prior-year period to 955.2 million hryvnia from 828.8 million hryvnia.

Reported net income came to a loss of 687.2 million hryvnia, or a loss of 27.65 hryvnia per share, compared to a loss of 520.6 million hryvnia, or a loss of 20.84 hryvnia per share, in the year-earlier period.

As of May 12, US$1 was equivalent to 20.90 hryvnia.