Ferrexpo ( (GB:FXPO) ) has issued an announcement.
Ferrexpo has announced a delay in finalizing its full-year 2024 financial results due to ongoing events in Ukraine and discussions with auditors concerning its subsidiary, Ferrexpo Poltava Mining. The company will provide further updates on the release of these financial results, highlighting the impact of geopolitical tensions on its operations.
More about Ferrexpo
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a listing on the London Stock Exchange. It is a constituent of the FTSE 250 and FTSE4Good indices. The company produces high-grade iron ore pellets, which are a premium product for the global steel industry, enabling reduced carbon emissions and increased productivity. Ferrexpo has been supplying the global steel industry for over 50 years and was the world’s third-largest exporter of pellets before Russia’s invasion of Ukraine.
YTD Price Performance: -33.93%
Average Trading Volume: 3,212,178
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £411M
Learn more about FXPO stock on TipRanks’ Stock Analysis page.