Quotations of Ferrexpo shares rise after 2-week fall, up 0.6% to GBP 0.469 per share May 13-17

In the period of May 13-17, 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 increased by 0.6% or GBP 0.003 per share to GBP 0.469 per share, after falling for two weeks in a row.

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

According to the report, on May 13, the shares of the company were quoted at the level of GBP 0.466 per share; on May 14, they increased to GBP 0.482 per share; but on May 15, they fell to GBP 0.471 per share.

On May 16, the share quotations increased to GBP 0.470 per share; but on May 17, they fell to GBP 0.469 per share.

The transactions were being conducted throughout the week.

Since the start of the year, the company's share quotations have decreased by 48.1% (compared to the level of quotations on December 29, 2023 - GBP 0.903).

As Ukrainian News Agency earlier reported, in the period of May 6-10, the quotations of shares of Ferrexpo plc at the London Stock Exchange decreased by 2.2% or GBP 0.011 per share to GBP 0.489 per share, falling for the second 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 2023, Ferrexpo plc incurred a loss of USD 85 million, while the company ended 2022 with a profit of USD 220 million.

In 2023, Ferrexpo reduced revenues by 47.8%, or USD 596 million, to USD 652 million.

In 2023, compared to 2022, the company reduced EBITDA (Earnings before Taxes, Interest, and Depreciation) 5.9 times, or by USD 635 million, to USD 130 million, and capital investment by 31% to USD 101 million.

Kostiantyn Zhevaho is the majority shareholder of Ferrexpo.

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