02
Aug
12:22
Ferrexpo earnings decrease significantly amid lower deliveries
Swiss-headquartered, Ukraine-based iron ore miner and pellet producer Ferrexpo's revenue in January-June decreased by 64% on-year to $334 million.
Ebitda was down 87% to $64m, reflecting higher costs, principally driven by lower production volumes, rising global inflation and energy prices, Kallanish notes. Profit after tax declined by 67% to $27m.
Ferrexpo’s earnings fell mainly due to 52% lower sales volumes, and the effect of 24% lower real…
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