Quotations Of Ferrexpo Shares Keep Rising For 5th Week In Row, Up 8.5% To GBP 1.729 Per Share December 19-23

In the period of December 19-23, 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 rose by 8.5% or GBP 0.136 per share to GBP 1.729 per share, growing for five weeks in a row.

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

According to the report, on December 19, the shares of the company were quoted at the level of GBP 1.593 per share; on December 20, they rose to GBP 1.620 per share; and on December 21, they increased to GBP 1.656 per share.

On December 22, the quotations fell to GBP 1.657 per share; and on December 23, they further decreased to GBP 1.729 per share.

The transactions were being conducted during the whole week.

Since the start of the year, the company's shares' quotations have decreased by 42.3% (compared to the level of quotations on December 31, 2021 - GBP 2.994).

As Ukrainian News Agency earlier reported, in the period of December 31, 2020 - December 31, 2021, the quotations of shares of Ferrexpo plc at the London Stock Exchange rose by 5.8% or GBP 0.164 per share to GBP 2.994 per share.

In January-June 2022, Ferrexpo plc decreased its profit eight times, or by USD 579.4 million, to USD 82.073 million, reducing earnings by 30.8%, or USD 416.8 million, to USD 935.874 million year over year.

In the first half of the year, due to higher costs, mainly due to lower production volumes, rising global inflation and energy prices, the company reduced its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) by 44%, or USD 382.2 million, to USD 486.121 million, capital investment decreased by 28% to USD 102 million.

Kostiantyn Zhevaho is the majority shareholder of Ferrexpo.