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Healthcare

BRIEF-Ferrexpo Says Deferred Its Decision On Final Ordinary And/Or Special Dividend

March 18 (Reuters) - Ferrexpo PLC:

* FY REVENUE ROSE 18 PERCENT TO 1.5 BILLION USD

* 2019 FULL YEAR RESULTS

* FY REVENUE UP 18% TO US$1.5 BILLION

* FY UNDERLYING EBITDA UP 17% TO US$586 MILLION

* DURING 1Q 2020, COVID-19 BEGAN CAUSING DISRUPTION TO CHINESE SUPPLY CHAINS IMPACTING DISTRIBUTION NETWORKS OF STEEL PRODUCERS

* SPREAD OF VIRUS INTO EUROPE, HOWEVER, COULD RESULT IN FURTHER ECONOMIC UNCERTAINTY

* PRIOR TO VIRUS, HAD EXPECT STEEL PROFITABILITY IN EUROPE TO SHOW A MILD RECOVERY IN KEY MARKETS FROM SECOND HALF OF YEAR ONWARDS

* EXPORT WILL LIKELY SWITCH BACK TO DOMESTIC CUSTOMERS IN 2020 GIVEN LOWER INTERNATIONAL PELLET PREMIUMS COMPARED TO 2018

* LOWER PELLET PREMIUMS COULD SEE SOME HIGH-COST SUPPLY EXITING MARKET

* DEFERRED ITS DECISION ON A FINAL ORDINARY AND/OR SPECIAL DIVIDEND

* FERREXPO-TO CONSIDER POTENTIAL FINAL ORDINARY AND/OR SPECIAL DIVIDEND FOR FY2019 ONCE MARKET SITUATION AND EFFECT OF COVID-19 VIRUS HAS BECOME CLEARER Source text for Eikon: Further company coverage:

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