Quotations of Ferrexpo shares keep rising for 2nd week in a row, up 2.4% to GBP 0.475 per share May 20-24

In the period of May 20-24, 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 2.4% or GBP 0.011 per share to GBP 0.475 per share, growing for the second week in a row.

That follows from the data posted at the London Stock Exchange, As the Ukrainian News agency earlier reported.
According to the report, on May 20, the shares of the company were quoted at the level of GBP 0.464 per share; on May 21, they decreased to GBP 0.462 per share; and on May 22, they further fell to GBP 0.451 per share.

On May 23, the share quotations increased to GBP 0.449 per share; but on May 24, they rose to GBP 0.475 per share.

The transactions were being conducted throughout the week.

Since the start of the year, the company's share quotations have decreased by 47.4% (compared to the level of quotations on December 29, 2023 - GBP 0.903).

As the Ukrainian News agency earlier reported, in the period of May 13-17, the quotations of shares of Ferrexpo plc at the London Stock Exchange increased by 0.6% or GBP 0.003 per share to GBP 0.469 per share, after falling for two 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.