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  • Quotations Of Ferrexpo Shares Fall After 1-Week Growth, Down 15.0% To GBP 1.643 Per Share June 6-10
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Quotations Of Ferrexpo Shares Fall After 1-Week Growth, Down 15.0% To GBP 1.643 Per Share June 6-10

In the period of June 6-10, 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 fell by 15.9% or GBP 0.289 per share to GBP 1.643 per share, after a one-week growth.

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

According to the report, on June 6, the shares of the companies were quoted at the level of GBP 1.932 per share; on June 7, the quotations decreased to GBP 1.842 per share; but on June 8, they rose to GBP 1.880 per share.

On June 9, the quotations again decreased to GBP 1.799 per share; and on June 10, they fell to GBP 1.643 per share.

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The transactions were being conducted during the whole week.

Since the start of the year, the company's shares' quotations have decreased by 45.1% (compared to the level of quotations on December 31, 2021 - GBP 2.994).

As Ukrainian News Agency earlier reported, in the period of December 31, 2020 - December 31, 2021, the quotations of shares of Ferrexpo plc at the London Stock Exchange rose by 5.8% or GBP 0.164 per share to GBP 2.994 per share.

In 2021, compared to 2020, Ferrexpo plc (United Kingdom), which controls Poltava Mining and Yeristovo Mining (both located in Horishni Plavni, Poltava region), increased profit by 37.1% or USD 235.7 million to USD 870.993 million, increasing revenue by 48.1% or USD 818 million to USD 2.518 billion.

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In 2021, compared to 2020, the company increased its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) by 67.5% or USD 580 million to USD 1,439 million, capital investments increased by 75% to USD 361 million.

Kostiantyn Zhevaho is the majority shareholder of Ferrexpo.

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