Economy 2024-05-15T05:11:16+03:00
Ukrainian news
Quotations Of Ferrexpo Shares Rise After 4-Week Fall, Up 5.8% To GBP 1.433 Per Share February 13-17

Quotations Of Ferrexpo Shares Rise After 4-Week Fall, Up 5.8% To GBP 1.433 Per Share February 13-17

Ferrexpo, London Stock Exchange, quotations of shares, share quotations, Ferrexpo plc, shares of Ferrexpo, Ferrexpo shares, Ferrexpo group

In the period of February 13-17, 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 5.8% or GBP 0.079 per share to GBP 1.433 per share, rising after a four-week decrease.

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

According to the report, on February 13, the shares of the company were quoted at the level of GBP 1.354 per share; on February 14, they decreased to GBP 1.339 per share; but on February 15, they increased to GBP 1.366 per share.

On February 16, the share quotations increased to GBP 1.424 per share; and on February 17, they further increased to GBP 1.433 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 8.8% (compared to the level of quotations on December 30, 2022 - GBP 1.572).

As Ukrainian News Agency earlier reported, in the period of December 31, 2021 - December 31, 2022, the quotations of shares of Ferrexpo plc at the London Stock Exchange fell by 47.5% or GBP 1.422 per share to GBP 1.572 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.

DONATE

News

ok