Ukraine: Ferrexpo income down in 2022
In 2022, Ferrexpo received $1.2 billion of income, down from $2.5 billion in 2021. The drop was due to the Russian invasion of Ukraine resulting in the operational and logistics losses. EBITDA decreased by 47%, to $765 million. The fall was partially compensated for by the exchange rate difference ($339 million). Capital investments fell to…