Quotations Of Ferrexpo Shares Keep Falling For 2nd Week In Row, Down 10.3% To GBP 0.847 Per Share June 19-23

In the period of June 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 decreased by 10.3% or GBP 0.097 per share to GBP 0.847 per share, continuing to fall for the second week in a row.

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

According to the report, on June 19, the shares of the company were quoted at the level of GBP 0.944 per share; on June 20, they fell to GBP 0.890 per share; and on June 21, they decreased to GBP 0.873 per share.

On June 22, the quotations increased to GBP 0.901 per share; but on June 23, they fell to GBP 0.847 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 46.1% (compared to the level of quotations on December 30, 2022 - GBP 1.572).

As Ukrainian News Agency earlier reported, in the period of December 31, 2021 - December 31, 2022, the quotations of shares of Ferrexpo plc at the London Stock Exchange fell by 47.5% or GBP 1.422 per share to GBP 1.572 per share.

In 2022, the company reduced its profit four times or by USD 651 million year over year to USD 220 million, and earnings – twice or by USD 1.27 billion to USD 1.25 billion.

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 fell 2.2 times to USD 161 million.

Kostiantyn Zhevaho is the majority shareholder of Ferrexpo.