Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, will construct a solar power plant with the capacity of 5 MW. The company will finance the project without any state help, subsidies, etc. The electricity produced will be used for the own needs and for deliveries to the third parties. The solar panels will be…
In January-September Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, increased combined pellets output by 1.7% YoY, to 7.891 million tons. The manufacture of 65% iron content pellets totaled 7.580 million tons, up by 4.2%, and 62% iron content – 310.99 thousand tons, down by 35.8%. The output of 65% iron content pellets of…
In January-July Ferrexpo plc increased pellets output by 2.6% YoY, to 6.165 million tons.
Concentrate manufacture grew by 6.5%, to 7.712 million tons.
In July the group produced 812 thousand tons of pellets and 1.113 million tons of concentrate. (Ukrainian metal)
In January-June Ferrexpo received $270.35 million of net profit, up by 77.6% YoY.
The growth is mostly due to the higher ore prices and the increase of sales.
Revenue went up by 28%, to $787 million, and EBITDA – by 59%, to $372 million. (Ukrainian metal)
In January-March Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid 736.4 million UAH of taxes to budgets of various levels. Thus, PGOK paid 599 million UAH, EGOK – 133.9 million UAH and BGOK – 3.5 million UAH. In particular, PGOK paid 76 million UAH to the local budget, 78 million UAH to…
Ferrexpo AG, which owns 99.11% of the Poltava Mining and Processing Works shares, has squeezed-out shares from the minor shareholders and accumulated all the 100%. Ferrexpo announced the squeeze-out in May. The price of the shares was 34.24 UAH as opposed to their initial cost of 9.96 UAH. In 2018 PGOK increased net profit by…
Until the end of the year Ferrexpo plans to buy 400 gondola cars.
The decision is due to the strategic plans of Ferrexpo to increase pellets output.
In early 2019 Yeristovo Mining and Processing Works purchased 200 gondola cars from Kryukovsky Works, bringing the combined total to 2.6 thousand cars. (Ukrainian metal)
The annual shareholders meeting of Ferrexpo has approved record-high dividends for 2018 – $0.231 per share, up by 40% YoY ($0.165). Shareholders owing 99.73% of shares voted for the final dividends in the amount of $0.06 per share. The meeting also reviewed the company operational report for 2018, with 66.69% voting in favor of it,…
In 2018, Ferrexpo invested over 3.5 billion UAH (more than $139 million) in the development of Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 2.414 billion UAH ($90 million), and EGOK and BGOK – 1.073 billion UAH ($40 million). PGOK spent the funds mostly to maintain its operation (806 million UAH),…
Ferrexpo AG will squeeze out Poltava Mining and Processing Works shares from minority shareholders.
The price of each share will be 34.24 UAH with their nominal cost of 9.96 UAH.
Ferrexpo AG owns 189,313.087 million ordinary shares, or 99.11% of PGOK. (Ukrainian metal)
This year Ferrexpo intends to invest $300 million in its own development. According to the group owner Konstantin Zhevago, next year investments are planned on the level of $220 to $300 million, depending on the market situation. In 2018 Ferrexpo decreased net profit by 15% YoY, to $335.22 million, increasing its revenue by 6.4%, to…
Ukraine is investigating whether a charitable foundation set up primarily to coordinate London-listed Ferrexpo Plc’s philanthropic activities was used to launder money and evade taxes. Officials of Blooming Land Charitable Foundation abused their powers to seek “illicit benefits”, damaging state interests, a Ukraine prosecutor said in a court filing in Kyiv in February. Blooming Land…
In 2018 Ferrexpo received $355.22 million of net profit, down by 15% YoY. Revenue grew by 6.4%, to $1274.03 million. Pellets sales dropped by 2.3%, to 10.227 million tons, while their manufacture increased by 1.6%, to 10.607 million tons. Gross profit last year fell by 2.5%, to $766.09 million, and EBITDA – by 8.7%, to…
Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, has paid bills for the combined amount of $173 million. Ferrexpo is expected to get EBITDA of $500 million in 2018 as opposed to $551 million in 2017. In January-June 2018 its net profit fell by 29.4% YoY, to $152.21 million, while its revenue grew…
In January-March Ferrexpo produced 2.538 million tons of pellets, down by 1.8% YoY.
The decrease is due to the drop of 62% iron content pellets output – to 107.5 thousand tons from 149.9 thousand tons.
At the same time the manufacture of 65% iron content pellets fell by 0.2%, to 2.431 million tons. (Ukrainian metal)
Ferrexpo AG, owning 99.11% of Poltava Mining and Processing Works, the largest manufacturer of iron ore pellets in Ukraine, intends to use squeeze-out from minority shareholders.
At present Ferrexpo AG owns 189.313 million ordinary shares. (Ukrainian metal)
Ferrexpo plc, controlling PGOK and EGOK, expects to reach $500 million of EBITDA in 2018.
The group plans to announce its 2018 financial results on March 20.
In 2017 Ferrexpo net profit grew 2.1-fold YoY, to $394.47 million, with revenue up by 21.4%, to $1.197 million.
EBITDA increased by 46.9%, to $551 million. (Ukrainian metal)
In 2018 Ferrexpo increased pellets output by 1.6% YoY, to 10.6 million tons. According to the group statement, in Q4 2018 it produced 2.9 million tons of pellets, up by 7.2% QoQ. This year Ferrexpo expects pellets output on the last year level due to some repairs. Sales in 2018 will amount to 10.2 million…
Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) in January-September paid 1.9 billion UAH of various taxes to all the possible budgets. In particular, Poltava GOK paid 1.55 billion UAH, Yeristovo GOK – 305.6 million UAH and Belanovsky GOK – 8.6 million UAH. PGOK paid 168 million UAH to the local budget, 202…
Ferrexpo announces the payment of special dividends of $0.066 per share with the total amount of $40 million, or twice as much as in 2017. The decision has been taken with the view of the improved market situation in H2 2018 and good prospects for 2019. The board of directors will decide on the final…
The British-Swiss company Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, at present does not see any threat to its operation from being entered into the Russian sanctions list. This has been officially stated by Ingrid McMahon, the group Head of Investor Relations and Corporate Communications. On November 1 the Russian government adopted…
In January-September Ferrexpo invested over 2.4 billion UAH ($90.1 million) in the development of Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 1719 million UAH, while EGOK and BGOK – 710.3 million UAH. The main capital expenditures at PGOK were the maintenance of the current manufacture at 568 million UAH ($21.1…
In January-September Ferrexpo Plc, controlling Poltava and Yeristovo Mining and Processing Works, produced 7.756 million tons of pellets, up by 1.3% YoY. In 9 months the company produced 7.257 million tons of pellets with the iron content of 65% and 484.57 thousands tons with the iron content of 62%. In July-September pellets output grew by…
In January-June Ferrexpo invested over 1.4 billion UAH (more than $52.9 million) in the development of its Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 938 million UAH ($35.1 million), while EGOK and BGOK – 474 million UAH ($17.8 million). The projects to maintain manufacture at PGOK amounted to 333 million…