Quotations of Ferrexpo shares drop by 8.0% to GBP 0.416 per share May 27-31, after 2-week rise

In the period of May 27-31, 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 decreased by 8.0% or GBP 0.036 per share to GBP 0.416 per share, after growing for two weeks in a row.

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

According to the report, on May 27, there was no share trading.

On May 28, the shares of the company were quoted at the level of GBP 0.452 per share; on May 29, they decreased to GBP 0.435 per share.

On May 30, the share quotations increased to GBP 0.445 per share; but on May 31, they fell to GBP 0.416 per share.

The transactions were being conducted throughout the week.

Since the start of the year, the company's share quotations have decreased by 53.9% (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 20-24, the quotations of shares of Ferrexpo plc 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.

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.