In the period of August 22-26, 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 rose by 10.2% or GBP 0.146 per share to GBP 1.579 per share, growing for 2 weeks in a row.
That follows from the data posted at the London Stock Exchange, Ukrainian News Agency reports.
According to the report, on August 22, the shares of the company were quoted at the level of GBP 1.433 per share; on August 23, they rose to GBP 1.466 per share; and on August 24, they increased to GBP 1.484 per share.
On August 25, the quotations kept growing, increasing to GBP 1.472 per share; and on August 19, they further rose to GBP 1.579 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 47.3% (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.
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