Ferrexpo (GB:FXPO) has released an update.
Ferrexpo, a premium iron ore pellet producer, has reported resilient interim results for the first half of 2024, with production and sales volumes significantly up by 75% and 85% respectively, despite the challenges of war and volatile energy prices. The company has successfully adapted its operations, leveraging flexible practices and the reopening of Ukrainian Black Sea ports to achieve strong revenue growth of 64% to US$549 million and a 24% increase in EBITDA to US$79 million. Ferrexpo’s focus remains on optimizing production levels and managing costs as they navigate a fluctuating market environment.
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