Quotations of Ferrexpo shares keep falling for 5th week in a row, down 3.8% to GBP 0.702 per share March 4-8

In the period of March 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 3.8% or GBP 0.028 per share to GBP 0.702 per share, falling for the fifth week in a row.

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

According to the report, on March 4, the shares of the company were quoted at the level of GBP 0.730 per share; on March 5, they decreased to GBP 0.723 per share; and on March 6-7, they remained at the same level - at GBP 0.723 per share.

On March 8, the share quotations decreased to GBP 0.702 per shares.

The transactions were being conducted throughout the week.

Since the start of the year, the company's share quotations have decreased by 22.3% (compared to the level of quotations on December 29, 2023 - GBP 0.903).

As Ukrainian News Agency earlier reported, in the period of February 26 - March 1, the quotations of shares of Ferrexpo plc at the London Stock Exchange decreased by 3.3% or GBP 0.025 per share to GBP 0.732 per share, falling for the fourth week in a row.

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.

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.