In January-March, Ferrexpo manufactured 2.054 million tons of iron ore products, up by 203% QoQ. Two to three of four pelletizing lines were used in manufacture. Pellets production grew by 189% QoQ, to 1.81 million tons. The group also produced 240.5 thousand tons of concentrate with iron content of 67%, up by 380%. Sales amounted…
In 2023, Ferrexpo paid $465 thousand of dividends. As the company shares are in GBP, dividends have also been paid in the British currency. Moreover, in 2023, the company paid $39.517 million on 2021 interim dividends ($0.066 per share), $38.679 million of final dividends for 2021 ($0.066) and $76.899 million of interim dividends for 2022…
In 2023, Ferrexpo received a loss of $85 million, as opposed to a profit of $220 million in 2022. Revenue decreased by 47.8%, to $652 million. EBITDA dropped 5.9-fold, to $130 million, and capital investments – by 31%, to $101 million. Pellets manufacture fell by 36.5%, to $3.8 million. (Ukrainian metal)
A Ukrainian court has put limitations on corporate rights of all Ukrainian daughter companies of Ferrexpo plc. The limitations concern 49.5% of shares of the daughter companies, except for TIS-Ruda LLC and Nova-Logistics LLC, where the limitations amount to 24.7% and 25.2% respectively. The limitations prohibit the transfer of share. Previously, the shares were frozen…
In 2022, Ferrexpo decreased pellets manufacture from 12 million to 6.18 million tons. Last year, 4.15 million tons were produced. The drop is due to transportation problems. Around half of the group products were transported via the Black Sea ports to the Asian market. But in 2022, the way was blocked. (Ukrainian metal)
Ferrexpo claims it needs more time to prepare a financial report for 2023 due to court proceedings against its daughter company Ferrexpo Poltava Mining. The proceedings were announced on March 11. The group promises to make all additional announcements on the report as needed. A court sitting on Ferrexpo Poltava Mining, scheduled for March 12,…
Ferrexpo has commissioned a filtration site and concentrate warehouse at the Poltava Mining and Processing Works crushing and processing factory in Horyshni Plavni. The cost of the project exceeded $40 million. The construction began in 2017 and the site started working in trial mode from the end of 2021. (Ukrainian metal)
Ferrexpo will pay interim dividends for 2023 in the amount of $0.033 per share. The group showed good results in H2 2023, thus allowing the board of directors planning dividend payment. The group has also approved increasing salaries to its Ukrainian employees, as well as prolongation of expenses within its humanitarian fund. The dividends will…