Quotations of Ferrexpo shares drop after 2-week growth, down 6.3% to GBP 0.783 per share September 4-8

In the period of September 4-8, 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 6.3% or GBP 0.053 per share to GBP 0.783 per share, falling after a two-week increase.

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

According to the report, on September 4, the shares of the company were quoted at the level of GBP 0.836 per share; on September 5, they decreased to GBP 0.796 per share; and on September 6, they decreased to GBP 0.743 per share.

On September 7, the share quotations decreased to GBP 0.742 per share; but on September 8, they increased to GBP 0.783 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 50.2% (compared to the level of quotations on December 30, 2022 - GBP 1.572).

As Ukrainian News Agency earlier reported, in the period of August 28 - September 1, the quotations of shares of Ferrexpo plc at the London Stock Exchange increased by 1.7% or GBP 0.013 per share to GBP 0.779 per share, continuing to grow for the second week in a row.

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.