Astarta shares hit lowest level in more than two years
Trading in the Ukrainian agricultural group's stock was suspended after a 19.14% daily fall in Warsaw. Further losses followed on Oct. 21.
Ukrainian agricultural group Astarta saw its shares drop 19.14% on Oct. 20, triggering a trading suspension on the Warsaw Stock Exchange. The stock declined another 8% on Oct. 21, according to Financial Times market data, reaching its lowest level in more than two years.
Warsaw Stock Exchange data put the previous comparable low in September 2024. Astarta's shares were worth about half their value in May, when the price exceeded 60 zloty.
The declines followed weaker earnings. Astarta reported a first-half 2026 net loss of €14.07 million, against a €42.27 million net profit a year earlier. Revenue was little changed at €226.5 million. The company attributed the loss mainly to weaker sugar and milk prices and increased logistics expenses in its soybean operations, which outweighed growth in crop production.
Other Ukrainian stocks also lost ground on Oct. 20. The WIG-Ukraine index dropped 3.38%, compared with a 1.24% fall in the broader WIG20. IMC shares declined 9.21%, while Agroton, KSG Agro and Milkiland posted smaller declines, Interfax-Ukraine reported.
Astarta's businesses include crops, sugar, soybean processing and dairy farming. Its first-half 2026 financial report showed that exports generated 62% of revenue.
