In the period of December 25-29, 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 9.3% or GBP 0.077 per share to GBP 0.903 per share, growing for the third week in a row.
That follows from the data posted at the London Stock Exchange, Ukrainian News Agency reports.
According to the report, on December 25-26, there was no trading.
On December 27, the shares of the company were quoted at the level of GBP 0.826 per share; on December 28, they increased to GBP 0.847 per share; and on December 29, they further increased to GBP 0.903 per share.
The transactions were being conducted throughout the week.
Since the start of 2023, the company's shares' quotations have decreased by 42.6% (compared to the level of quotations on December 30, 2022 - GBP 1.572).
As Ukrainian News Agency earlier reported, the Ferrexpo plc share quotations continued to grow for the 2nd week in a row and rose by 6.5% from December 18 to 22, or by GBP 0.050 per share, to GBP 0.822 per share.
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.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.