17 October 2022, Monday, 20:35 330

Quotations Of Ferrexpo Shares Fall After 1-Week Increase, Down 10.2% To GBP 1.140 Per Share October 10-14

Редактор: Tetiana Herasimova

In the period of October 10-14, 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 10.2% or GBP 0.130 per share to GBP 1.140 per share, falling after a one-week increase.

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

According to the report, on October 10, the shares of the company were quoted at the level of GBP 1.270 per share; on October 11, they fell to GBP 1.219 per share; and on October 12, they fell to GBP 1.216 per share.

On October 13, the share quotations decreased to GBP 1.215 per share; and on October 14, they decreased to GBP 1.140 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 61.9% (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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