Astarta Published Interim Report for 1Q 2012
OREANDA-NEWS. May 12,
In 2012, the management intends to continue delivering successful growth in a capital efficient manner. According to a production plan, ASTARTA is expected to produce over 700 thousand tonnes of grains and oilseeds, around 2.5 million tonnes of sugar beet, and more than 80 thousand tonnes of milk. Planned sugar production is higher year over year, still guidance on volumes will be provided later, as amount of third party sugar beet to process depends on pricing environment and market situation.
Comments of Viktor Ivanchyk, CEO:
"ASTARTA's strong financial and market positions secure a solid foundation for the Group's growth. Simultaneously with efficiency enhancements and organic development of existing assets, management actively looks into growth opportunities in synergetic segments and considers possible acquisitions to secure sustainability, synergy and diversification in ASTARTA's development".