Ferrexpo has decided to pay final dividends for 2021 in the amount of $0.066 per share, down from $0.132 last year. The decision was taken at the shareholders meeting on June 15. The final dividends will be paid to shareholders on July 4. Thus, the total amount of dividends paid for 2021 will be $0.528…
The Ferrexpo board of directors has decided to pay interim dividends for 2022 in the amount of $0.132 per ordinary share. These are the first dividends announced this year. The final dividends for 2021 will be approved by the shareholders at a meeting on June 15. Interim dividends will be paid on June 28. (Ukrainian…
Ferrexpo has announced the suspension of capital investments in increasing output volumes by 25% for the duration of the war. When the situation improves, the projects will be resumed. In three years, pellets output is expected to grow by 3 million tons. Ore extraction will increase from 125 million tons in 2020 to 265 million…
Since the start of the Russian invasion, Ferrexpo has paid over $35 million (UAH 1 billion) of taxes. Moreover, the company has provided $12.5 million (UAH 352.2 million) to finance its own humanitarian foundation. The foundation was created on March 7. In Q1, Ferrexpo produced 2.7 million tons of pellets, down by 11% QoQ. Sales…
Ferrexpo increased income by 48% YoY in 2021, to $2.5 billion. EBITDA grew by 68%, to $1.43 billion. Net monetary flows went up by 59%, to $1.09 billion. Due to the Russian invasion of Ukraine, the company board of directors decided to postpone any decision on the interim dividends. The decision will be taken when…
In January-March, Ferrexpo decreased pellets production by 11% QoQ, to 2.713 million tons. The main reasons of the drop are the operational and logistics limitations after the Russian invasion, which still continue worsening the operation conditions. Sales amounted to 2.6 million tons. (Ukrainian metal)
Ferrexpo enterprises have provided the Armed Forces of Ukraine and the territorial defense units with automobiles for humanitarian needs. In all, the group transferred 70 various machines valued at $3.5 million. “The defenders of our country need support, and we cannot stand aside. The need for transportation means is a key one. Under the legislation…
Ferrexpo will pay 1 billion UAH of profit tax to the state budget and budgets of all levels in advance. “In this difficult time for Ukraine business cannot stand aside. We need to unite and help the country as best we can. That is why Ferrexpo decided to support the initiative of its main shareholder…
In October-December 2021, Ferrexpo increased pellets manufacture by 18% QoQ, to 3.1 million tons. Overall output amounted to 11.2 million tons, on par with the 2020 level. The share of premium pellets with the iron content of more than 67% grew to 4%, or 431 thousand tons. Concentrate sales went up from 183 thousand tons…
In January-November, Ferrexpo increased iron ore concentrate output by 5.5% YoY, to 13.4 million tons. In November, the group produced 1.21 million tons of concentrate, up by 0.8%. Pellets manufacture in 11 months grew by 0.2%, to 10.18 million tons, with 985 thousand tons produced in November, up by 0.5%. (Ukrainian metal)
In January-November, Ferrexpo decreased railroad transportation of its products by 4.8% YoY, to 10.23 million tons. In particular, 6.9 million tons of iron ore raw materials was transported from the Zolotnishino station in the direction of ports, down by 18.6%, and 3.3 million tons to Europe, up by 46.2%. The main volume to the Yuzhniy…
In August, Ferrexpo decreased pellets output by 11.2% YoY and by 14.9% MoM, to 870 thousand tons. In January-August, manufacture grew by 1%, to 7.43 million tons. In H2, the company expects an increase in output by 0.5-1 million tons per year, as in H1 modernization of manufacture was carried out. (Ukrainian metal)
In January-July, Ferrexpo increased railroad deliveries to Europe by 81.3% YoY, to 2.3 million tons. Deliveries to ports dropped by 21.3%, to 4.4 million tons. In particular, in 7 months the Zolotnishino station shipped 6.7 million tons of iron ore, down by 2.8%, Batyevo – 544.1 thousand tons, up by 32.7%, Izmail – 668.8 thousand…