Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Ferrexpo plc
  6. News
  7. Summary
    FXPO   GB00B1XH2C03

FERREXPO PLC

(FXPO)
  Report
Delayed London Stock Exchange  -  11:35 2022-10-04 am EDT
132.80 GBX   +8.32%
09/28Fitch Affirms Interpipe at 'CCC-'
AQ
09/20FTSE Closes Down 0.6% Ahead of Fed Rate Decision
DJ
09/20Businesses See Almost 50% Chance of Global Recession
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Ukraine-focussed Ferrexpo's half-year profit tumbles on higher costs

08/03/2022 | 02:58am EDT

(Reuters) - Ferrexpo Plc reported a slump in its half-year profit on Wednesday, after the Ukraine-focussed miner saw a hit from higher costs and lower production volumes as it grappled with inflationary woes and energy prices.

The group said its pellet production fell 14% to 4.8 million tonnes, as constraints in its logistics increased following Russia's blockade of Ukraine's Black Sea ports in February.

The world's third-largest exporter of iron ore pellets, which makes pellets used in steel industry and has all its operations in Ukraine, has been facing disruptions due to the crisis.

The company is in advanced talks to restart transportation of material sales through ocean-bound freight, which was hampered by the blockade, Ferrexpo said, adding that it processed small shipments from the Black Sea and Baltic Sea ports in June.

Underlying core profit for the six-month period ended June 30 dropped 44% to $486 million, the group said.

(Reporting by Muhammed Husain in Bengaluru; Editing by Sherry Jacob-Phillips)


© Reuters 2022
All news about FERREXPO PLC
09/28Fitch Affirms Interpipe at 'CCC-'
AQ
09/20FTSE Closes Down 0.6% Ahead of Fed Rate Decision
DJ
09/20Businesses See Almost 50% Chance of Global Recession
DJ
09/20FTSE 100 Rises as Oil, Financial Stocks Gain
DJ
09/20Pound Unlikely to Benefit From Looser Fiscal, Tighter Monetary Policy
DJ
09/20Ferrexpo says Ukrainian court rules 2002 share deal invalid
RE
09/20Ferrexpo Exploring All Options as Ukraine Appeals Court Invalidates Share Purchase Agre..
MT
09/20Haleon Seems Solid, Zantac Litigation Might Push Investors Away, Says RBC
DJ
09/14What the other papers say this morning
AQ
09/12Banks, miners drive FTSE 100 to two-week highs
RE
More news
Analyst Recommendations on FERREXPO PLC
More recommendations
Financials (USD)
Sales 2022 1 537 M - -
Net income 2022 245 M - -
Net cash 2022 264 M - -
P/E ratio 2022 4,43x
Yield 2022 17,3%
Capitalization 883 M 893 M -
EV / Sales 2022 0,40x
EV / Sales 2023 0,41x
Nbr of Employees 10 000
Free-Float 47,3%
Chart FERREXPO PLC
Duration : Period :
Ferrexpo plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FERREXPO PLC
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 1,39 $
Average target price 2,31 $
Spread / Average Target 66,5%
EPS Revisions
Managers and Directors
James North Chief Executive Officer, COO & Executive Director
Mykola Anatoliyovych Kladiyev Group Chief Financial Officer
Raffaele Giuseppe Genovese Non-Executive Chairman
Vitaliy Vasylovych Lisovenko Independent Non-Executive Director
Graeme Dacomb Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
FERREXPO PLC-59.05%815
VALE S.A.-7.59%65 631
FORTESCUE METALS GROUP LIMITED-11.87%33 932
KUMBA IRON ORE LIMITED-14.66%7 058
NMDC LIMITED-2.85%4 516
CSN MINERAÇÃO S.A.-48.07%3 709