In the period of July 31 - August 4, 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 11.5% or GBP 0.106 per share to GBP 0.812 per share, continuing to fall for the second week in a row.
That follows from the data posted at the London Stock Exchange, Ukrainian News Agency reports.
According to the report, on July 31, the shares of the company were quoted at the level of GBP 0.918 per share; on August 1, they rose to GBP 0.927 per share; but on August 2, they decreased to GBP 0.869 per share.
On August 3, the quotations decreased to GBP 0.841 per share; and on August 4, they further fell to GBP 0.812 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 48.3% (compared to the level of quotations on December 30, 2022 - GBP 1.572).
As Ukrainian News Agency earlier reported, in the period of July 24-28, the quotations of shares of Ferrexpo plc 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.
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 the first six months of 2023, Ferrexpo plc decreased its profit three times, or by USD 55.1 million, to USD 27 million, reducing earnings 2.8 times, or by USD 601.9 million, to USD 334 million year over year.
In the first six months of 2023, the company reduced EBITDA (Earnings before Taxes, Interest, and Depreciation) 7.6 times or by USD 422 million year over year to USD 64 million, reflecting rising costs mainly due to lower output, rising global inflation and energy prices.
Kostiantyn Zhevaho is the majority shareholder of Ferrexpo.
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