Quotations of Ferrexpo shares fall after 3-week increase, down 5.7% to GBP 0.828 per share January 2-5

In the period of January 2-5, 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 5.7% or GBP 0.050 per share to GBP 0.828 per share, falling after a three-week increase.

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

According to the report, on January 2, the shares of the company were quoted at the level of GBP 0.878 per share; on January 3, they decreased to GBP 0.842 per share; and on January 4, they further decreased to GBP 0.820 per share.

However, on January 5, the share quotations increased to GBP 0.828 per share.

The transactions were being conducted throughout the week.

Since the start of the year, the company's shares' quotations have decreased by 8.3% (compared to the level of quotations on December 29, 2023 - GBP 0.903).

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.

As Ukrainian News Agency earlier reported, in the period of December 25-29, the quotations of shares of Ferrexpo plc at the London Stock Exchange increased by 9.3% or GBP 0.077 per share to GBP 0.903 per share, growing for the third week in a row.

In the first six months of 2023, Ferrexpo plc decreased its profit three times, or by USD 55.1 million, to USD 27 million, reducing earnings 2.8 times, or by USD 601.9 million, to USD 334 million year over year.

In the first six months of 2023, the company reduced EBITDA (Earnings before Taxes, Interest, and Depreciation) 7.6 times or by USD 422 million year over year to USD 64 million, reflecting rising costs mainly due to lower output, rising global inflation and energy prices.

Capital investment in the 1st half of the year decreased by 43% to USD 58 million.

Kostiantyn Zhevaho is the majority shareholder of Ferrexpo.