Ferrexpo enterprises in Ukraine – Poltava, Yeristovo and Belanovsky Mining and Processing Works – will transfer $2.5 million as an aid to medical enterprises to fight the COVID-19 pandemic in Poltava region and under national programs in Ukraine. The decision was taken by the board of directors and supported by shareholders. The main funds will…
In 2019, Ferrexpo received $403.293 million of net profit, up by 20.3% YoY. Revenue grew by 18.3%, to $1.506 billion. EBITDA increased by 17%, to $586 million. Capital investments went up by 83%, to $247 million. (Ukrainian metal)
The state enterprise Yuzhniy Sea Trade Port and Ferrexpo have agreed to increase pellets exports. In January, Ferrexpo ordered the transshipment of some 500 thousand tons. In February the order grew. The TIS-Ruda terminal in the port, a joint venture of TIS and Ferrexpo, with the capacity of 7 million tons of pellets per year…
In Q4 2019 Ferrexpo shipped 2 Capesize ships via the Yuzhniy Sea Trade Port, and in 2020 – 5. The volume of each ship was 175 thousand tons of iron ore pellets. In Q4 2018 the company did not ship pellets via the port, and in Q1 2019 it was able to load only a…
In 2019 Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, decreased pellets output by 0.8% YoY, to 10.519 million tons. At the same time manufacture of high-quality pellets with iron content of 65% of the company own ore grew by 3%, to 10.116 million tons. Sales last year totaled 10.3 million tons (10.227 million…
Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works among other things, has announced its decision to pay special dividends for 2019 of $0.066 in addition to the already announced interim dividends of the same amount, resulting in the total amount of dividends of $0.132, or some $80 million. The final decision will be…
In January-September Ferrexpo invested over 4.5 billion UAH ($172.2 million) in development of its Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 3.03 billion UAH ($115 million), while EGOK and BGOK – 1.48 billion UAH ($57.2 million). PGOK spent the money to maintain current operation (580.1 million UAH, $22 million), on…
The international ratings agency Moody’s Investors Service has changed its outlook on Ferrexpo plc rating from stable to positive. At the same time the Ferrexpo Group of Companies corporate rating has been confirmed on the B3 level and the default rating on B3-PD. The change follows the amendment of the Ukrainian government rating from stable…
