Astarta released Q3 2014 financial report, indicating USD 33 million net loss
2014-11-07 13:09:08
According to the official information, released by the company Astarta finished third quarter of 2014 with USD 120.5 million sales revenue, which comprised -6.1% decline compared to the same period in 2013. Fair value of biological assets fell by USD -22.6 million, while company managed to keep costs of production and sales at USD -95.3 million. Thus company ended third quarter with USD 2.6 million gross profit, 93.7% weaker than the same period of 2013. As operational expenses and financial expenses were 7.3% and 35.7% higher respectively, measured at USD -15.8 million and USD -19.9 million, company’s EBIT totaled to USD -33.1 million. Net loss of the company also reached USD -33.1 million. Company managed to strengthen its cash flow from operating activities by 68% to USD 107.2 million over 9 months of 2014 compared to the same period in 2013.
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