Economy 2024-02-15T04:56:46+02:00
Ukrainian news
Quotations Of Ferrexpo Shares Keep Rising For 3rd Week In Row, Up 2.9% To GBP 1.579 Per Share December 5-9

Quotations Of Ferrexpo Shares Keep Rising For 3rd Week In Row, Up 2.9% To GBP 1.579 Per Share December 5-9

Ferrexpo, quotations, London Stock Exchange, quotations of shares, share quotations, Ferrexpo plc
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In the period of December 5-9, 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 2.9% or GBP 0.044 per share to GBP 1.579 per share, growing for three weeks in a row.

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

According to the report, on December 5, the shares of the company were quoted at the level of GBP 1.535 per share; on December 6, they rose to GBP 1.624 per share; and on December 7, they increased to GBP 1.677 per share.

On December 8, the quotations fell to GBP 1.649 per share; and on December 9, they further decreased 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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