Quotations of Ferrexpo shares drop after 2-week growth, down 0.8% to GBP 0.911 per share July 24-28

In the period of June 24-28, 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 0.8% or GBP 0.007 per share to GBP 0.911 per share, falling after a two-week increase.

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

According to the report, on July 24, the shares of the company were quoted at the level of GBP 0.918 per share; on July 25, they increased to GBP 0.925 per share; but on July 26, they decreased to GBP 0.910 per share.

However, on July 27, the share quotations increased to GBP 0.951 per share; but on July 28, they decreased to GBP 0.911 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 42.0% (compared to the level of quotations on December 30, 2022 - GBP 1.572).

As Ukrainian News Agency earlier reported, in the period of July 17-21, the quotations of shares of Ferrexpo plc at the London Stock Exchange increased by 8.8% or GBP 0.077 per share to GBP 0.950 per share, growing for the second week in a row.

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 2022, the company reduced its profit four times or by USD 651 million year over year to USD 220 million, and earnings – twice or by USD 1.27 billion to USD 1.25 billion.

In 2022, the company reduced EBITDA (earnings before taxes, interest, and depreciation) by 47% or USD 674 million year over year to USD 765 million.

At the same time, in 2022, capital investments fell 2.2 times to USD 161 million.

Kostiantyn Zhevaho is the majority shareholder of Ferrexpo.

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