15 ноября 2010

Astarta’s 9M2010 Results: High sugar prices jack up financials

UNAF.

The leading sugar producer Astarta has recently reported its 9M10 results, pushing revenues up c74% YoY, to $172.1, and net income c262% YoY, to $99.9mn, mainly on the back of historically unusually high sugar prices. Astarta has harvested almost all sugar beet, which is being processed into sugar at its operational units. While Astarta’s sugar stock was almost depleted in the beginning of September, the Company feels comfortable supplying sugar to its customers now.

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