Company Profile For Ferrexpo PLC

Ferrexpo PLC (FXPO.L) (London Stock Exchange)

sector: Basic Materials · industry: Steel ·

As of 8:06pm IST

199.40GBp

Price Change

-4.60

Percent Change

-2.25%

Analyst Recommendations

Overview

Ferrexpo plc is a United Kingdom-based company that is principally involved in the production and export of iron ore pellets used in producing steel. The Company owns and operates an integrated mining and processing facility, comprising an open cut iron ore mine, concentrating facility and palletizing plant in the city of Komsomolsk. Its operations are fully integrated from the mining of ore through to the production of pellets. All production is converted into pellets through its own facilities. In addition, third-party iron ore concentrate is converted into pellets. The Company’s operating subsidiary, Ferrexpo Poltava Mining (FPM), is located on the Dnieper River in Ukraine, in close proximity to its customers in Central and Eastern Europe.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Ferrexpo Plc's revenue decreased by 42% to $301.8M. Net income decreased 82% to $28.5M. Revenues reflect an decrease in sales from Ukraine and export sales. Net income also reflects an decrease in gross profit, an increase in selling and distribution expense, a presence of operating foreign exchange loss, higher write offs and impairment and decrease in share of gain of associates.