«Astarta» increased sugar beet sown area by 20%

 

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1Q23 revenues of «Astarta» sugar segment totalled EUR37m, up by 86% y-o-y on higher sugar sales volumes. Exports contributed 15% of segment revenues in 1Q23.

It is reported by «Astarta» in its Report for the First Quarter of 2023.

Meanwhile, «Astarta» continues its spring planting in all seven regions of its operations. The rainy and cold weather slowed it down but was favourable for the winter crop development. 

The sowing of sugar beets has already been completed, and the area totalled 39kha, up by 20% y-o-y. 

«Astarta» continues to contribute towards Ukraine’s Victory. To date, 831 thousand Ukrainians have been affected by Russian aggression, and 500 medical and social institutions in Ukraine have received assistance under the Common Help UA humanitarian project. 

To current and future challenges, special attention is paid to developing small and medium-sized businesses in the regions of the Company’s operation. As of today, «Astarta» and its partners have provided grants to 155 entrepreneurs setting up their businesses, creating 195 jobs and donating part of their production towards the needs of temporarily displaced Ukrainians. 

«Astarta team considers such initiatives as the beginning of a popular entrepreneurial movement which, together with big businesses, will become the economic foundation for Ukraine’s recovery after the Victory.


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