In the period of August 14-18, 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 3.9% or GBP 0.032 per share to GBP 0.795 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 August 14, the shares of the company were quoted at the level of GBP 0.827 per share; on August 15, they decreased to GBP 0.818 per share; and on August 16, they further fell to GBP 0.806 per share.
On August 17, the share quotations increased to GBP 0.811 per share; but on August 18, they decreased to GBP 0.795 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 49.4% (compared to the level of quotations on December 30, 2022 - GBP 1.572).
As Ukrainian News Agency earlier reported, in the period of August 7-11, the quotations of shares of Ferrexpo plc at the London Stock Exchange increased by 2.8% or GBP 0.023 per share to GBP 0.850 per share, growing after a two-week decrease.
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.
Capital investment in the 1st half of the year decreased by 43% to USD 58 million.
Kostiantyn Zhevaho is the majority shareholder of Ferrexpo.
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