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Ferrexpo PLC (FXPO.L)

FXPO.L on London Stock Exchange

233.00GBp
26 Jul 2017
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233.00
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4,937,335
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237.64
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37.46

Latest Key Developments (Source: Significant Developments)

Ferrexpo posts H1 2017 total pellet production 5.1 mln tonnes
Thursday, 6 Jul 2017 02:00am EDT 

July 6 (Reuters) - Ferrexpo Plc ::Production for 2Q 2017.1H 2017 pellet production of 5,160 thousand tonnes (1H 2016: 5,723 thousand tonnes).Lower pellet production in 1h 2017 versus. 1H 2016 reflected a planned 55 day pellet line refurbishment.H1 2017 total pellet production 5.1 million tonnes versus 5.7 million tonnes year ago.  Full Article

Ferrexpo posts lower Q1 pellet production
Thursday, 6 Apr 2017 02:00am EDT 

Ferrexpo Plc : Production for 1Q 2017 . Total 1Q 2017 pellet production of 2,624 thousand tonnes (1Q 2016: 2,887 thousand tonnes) .Lower production reflected scheduled pellet line maintenance in Jan, Feb and 55 day pellet line refurbishment which commenced on March 20.  Full Article

Ferrexpo reports higher full-year core earnings
Wednesday, 22 Mar 2017 03:12am EDT 

Ferrexpo Plc : FY revenue rose 3 percent to $986 million . FY EBITDA rose 20 pct to $375 mln . FY profit before tax up $206 mln to $231 mln (2015: $25 mln) . FY operating profit, excluding foreign exchange gains, up 36 pct to $307 mln (2015 $225 mln) . FY record production of 65 pct fe pellets a to 10.5 mt, approximately 94 pct of total production volumes (2015 65 pct FE pellet production: 10.4 mt) . FY net cash flows from operating activities up 159 pct, or $204m, to $332m (2015: $128m) . Net debt reduced 32 pct to $589m as of 31 December 2016 (31 December 2015: $868m) . FY record sales volumes a increasing 3 pct to 11.7 mt (2015: 11.3 mt) reflecting higher sales to western Europe and north east Asia . FY c1 cash cost of production a reduced 13 pct to $27.7 per tonne, a ten year low (1h 2015: $33.4 per tonne) . Cash balance increased by $110m to $145m as of 31 December 2016 (31 December 2015: $35m) . Final ordinary dividend of 3.3 us cents per share proposed (2015: nil) and special dividend of 3.3 us cents per share (2015: nil) payable on 11 April 2017 . FY average realised pellet premium below 2015 levels, however, have now recovered strongly in 1Q 2017 . Expect group's net debt to EBITDA to improve further during year . Development capex increasing in 2017 to expand concentrate output.  Full Article

Wigmore Street Investments to sell about 70 mln shares in Ferrexpo- bookrunner
Thursday, 27 Oct 2016 11:44am EDT 

Bookrunner: Ferrexpo : Bookrunner- intention to sell approximately 70 mln ordinary shares of Ferrexpo Plc representing approximately 11.9 pct .Ferrexpo : Bookrunner- Following placing, seller expected to hold about 71 mln shares, about 12.0 pct of company's issued ordinary share capital.  Full Article

Ferrexpo H1 EBITDA $160 mln
Wednesday, 3 Aug 2016 02:00am EDT 

Ferrexpo Plc : H1 ebitda $160 million versus $176 million year ago . H1 production volumes from own ore grew 4% to 5.7 million tonnes .H1 revenue $458 million versus $512 million year ago.  Full Article

LPC-Ukraine’s Ferrexpo raising US$350m pre-export loan

LONDON, July 24 Ukrainian iron ore producer Ferrexpo is raising a four-year pre-export syndicated loan of up to US$350m, banking sources said on Monday.