Ferrexpo shares of businessman Zhevaho continue to fall for 3rd week in a row
Quotations of the shares of the company Ferrexpo plc (Great Britain), which controls the Poltava and Yeristovo mining and processing plants (both - Horishni Plavni, Poltava Region), continued to fall for the 3rd week in a row. From April 17 to 21, they decreased by 3.3%, or by GBP 0.038 per share, to GBP 1.128 per share.
This follows from the data posted on the London Stock Exchange, the Ukrainian News agency reports.
According to it, the company's shares were quoted at GBP 1.166 on April 17 and remained at GBP 1.166 on April 18, but fell to GBP 1.147 on April 19 and remained at GBP 1.147 on April 20.
However, on April 21, quotes fell to GBP 1.128.
The deals took place during the week.
Since the beginning of the year, the quotations of the company's shares have decreased by 28.2% (compared to the quotation level on December 30, 2022 – GBP 1,572).
As the Ukrainian News agency earlier reported, from December 31, 2021, to December 31, 2022, Ferrexpo's share price decreased by 47.5%, or by GBP 1,422, to GBP 1,572 per share.
In 2022, Ferrexpo plc (Great Britain) reduced its profit by four times, or by USD 651 million year over year to USD 220 million, reducing its revenue twice or by USD 1.27 billion to 1.25 billion dollars
In 2022, the company reduced EBITDA (earnings before taxes, interest, and depreciation) by 47%, or USD 674 million year over year, to USD 765 million.
At the same time, in 2022, capital investments decreased 2.2 times to USD 161 million.
The majority shareholder of the Ferrexpo group is businessman Konstantin Zhevaho.