13 March 2023, Monday, 19:38 261

Quotations Of Ferrexpo Shares Drop After 3-Week Growth, Down 8.3% To GBP 1.351 Per Share March 6-10

Editor: Tetiana Herasimova

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In the period of March 6-10, 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 8.3% or GBP 0.122 per share to GBP 1.351 per share, falling after a three-week increase.

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

According to the report, on March 6, the shares of the company were quoted at the level of GBP 1.473 per share; on March 7, they fell to GBP 1.398 per share; but on March 8, they rose to GBP 1.403 per share

On March 9, the share quotations further decreased to GBP 1.386 per share; and on March 10, they fell to GBP 1.351 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 14.1% (compared to the level of quotations on December 30, 2022 - GBP 1.572).

As Ukrainian News Agency earlier reported, 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 January-June 2022, Ferrexpo plc decreased its profit eight times, or by USD 579.4 million, to USD 82.073 million, reducing earnings by 30.8%, or USD 416.8 million, to USD 935.874 million year over year.

In the first half of the year, due to higher costs, mainly due to lower production volumes, rising global inflation and energy prices, the company reduced its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) by 44%, or USD 382.2 million, to USD 486.121 million, capital investment decreased by 28% to USD 102 million.

Kostiantyn Zhevaho is the majority shareholder of Ferrexpo.