In the period of August 15-19, 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 1.9% or GBP 0.026 per share to GBP 1.429 per share, rising after a one-week decrease.
That follows from the data posted at the London Stock Exchange, Ukrainian News Agency reports.
According to the report, on August 15, the shares of the company were quoted at the level of GBP 1.403 per share; on August 16, they rose to GBP 1.438 per share; and on August 17, they increased to GBP 1.446 per share.
On August 18, the quotations increased to GBP 1.499 per share; but on August 19, they fell to GBP 1.429 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 52.3% (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 January-June 2022, Ferrexpo plc decreased its profit eight times, or by USD 579.4 million, to USD 82.073 million, reducing earnings by 30.8%, or USD 416.8 million, to USD 935.874 million year over year.
In the first half of the year, due to higher costs, mainly due to lower production volumes, rising global inflation and energy prices, the company reduced its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) by 44%, or USD 382.2 million, to USD 486.121 million, capital investment decreased by 28% to USD 102 million.
Kostiantyn Zhevaho is the majority shareholder of Ferrexpo.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.