2024-04-08T19:46:00+03:00 Economy 2024-05-15T04:06:56+03:00

Ukrainian news

Ukrainian news

Quotations of Ferrexpo shares keep falling for 9th week in a row, down 0.9% to GBP 0.441 per share April 1-5

Quotations of Ferrexpo shares keep falling for 9th week in a row, down 0.9% to GBP 0.441 per share April 1-5

In the period of April 1-5, 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 0.9% or GBP 0.004 per share to GBP 0.441 per share, falling for the ninth week in a row.

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

According to the report, on April 1, there was no share trading.

On April 2, the shares of the company were quoted at the level of GBP 0.445 per share; on April 3, they increased to GBP 0.446 per share; and on April 4, they further rose to GBP 0.450 per share.

But on April 5, the share quotations decreased to GBP 0.441 per share.

The transactions were being conducted throughout the week.

Since the start of the year, the company's share quotations have decreased by 51.2% (compared to the level of quotations on December 29, 2023 - GBP 0.903).

As Ukrainian News Agency earlier reported, in the period of March 25-29, the quotations of shares of Ferrexpo plc at the London Stock Exchange decreased by 6.2% or GBP 0.029 per share to GBP 0.437 per share, falling for the eighth week in a row.

In the period of December 31, 2022 - December 31, 2023, the quotations of shares of Ferrexpo plc at the London Stock Exchange fell by 42.6% or GBP 0.669 per share to GBP 0.903 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.