Astarta of Ukraine Says First-Quarter Profit Fell 58% on Costs

Astarta Holding NV (AST), a Ukrainian agricultural company and sugar producer, said first-quarter profit fell 58 percent on higher costs.

Net income fell to 91.44 million hryvnia ($11.4 million), from 219.82 million hryvnia a year earlier, the Kiev-based company said in a statement e-mailed late yesterday. Consolidated revenue rose 25 percent to 694.1 million hryvnia.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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