Quotations of Ferrexpo shares rise by 6.8% to GBP 0.515 per share April 22-26

In the period of April 22-26, the quotations of shares of Ferrexpo plc (United Kingdom), which controls Poltava Mining and Yeristovo Mining (both located in Horishni Plavni, Poltava Region), at the London Stock Exchange increased by 6.8% or GBP 0.033 per share to GBP 0.515 per share, after being stable during the previous week.

That follows from the data posted at the London Stock Exchange, Ukrainian News Agency reports.

According to the report, on April 22, the shares of the company were quoted at the level of GBP 0.482 per share; on April 23, they increased to GBP 0.522 per share.

Although, on April 24, the share quotations decreased to GBP 0.510 per share; on April 25, they rose to GBP 0.519 per shares; but on April 26, they fell to GBP 0.515 per shares.

The transactions were being conducted throughout the week.

Since the start of the year, the company's share quotations have decreased by 43.0% (compared to the level of quotations on December 29, 2023 - GBP 0.903).

As Ukrainian News Agency earlier reported, in the period of April 15-19, the quotations of shares of Ferrexpo plc at the London Stock Exchange remained at GBP 0.473 per share, after falling for ten weeks in a row.

In the period of December 31, 2022 - December 31, 2023, the quotations of shares of Ferrexpo plc at the London Stock Exchange fell by 42.6% or GBP 0.669 per share to GBP 0.903 per share.

In 2023, Ferrexpo plc incurred a loss of USD 85 million, while the company ended 2022 with a profit of USD 220 million.

In 2023, Ferrexpo reduced revenues by 47.8%, or USD 596 million, to USD 652 million.

In 2023, compared to 2022, the company reduced EBITDA (Earnings before Taxes, Interest, and Depreciation) 5.9 times, or by USD 635 million, to USD 130 million, and capital investment by 31% to USD 101 million.

Kostiantyn Zhevaho is the majority shareholder of Ferrexpo.