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  2. Share Prices
  3. Ferrexpo Share Price
  4. Ferrexpo Share News
  5. Ferrexpo Quarterly Production Unaffected By Virus Spread

Pin to quick picksFerrexpo Share News (FXPO)

Ferrexpo Information

Share Price Information for Ferrexpo (FXPO)

London Stock Exchange
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Share Price: 46.65
Bid: 46.50
Ask: 46.75
Change: -2.25 (-4.60%)
Spread: 0.25 (0.538%)
Open: 49.00
High: 49.25
Low: 46.65
Prev. Close: 48.90
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Ferrexpo Quarterly Production Unaffected By Virus Spread

Tue, 07th Apr 2020 10:49

(Alliance News) - Iron pellets maker Ferrexpo PLC on Tuesday reported a 7% rise in first quarter pellet output and said that production was not impacted by coronavirus outbreak.

The FTSE 250-listed company produced 2.7 million tonnes of iron ore pellets in the quarter to March-end, up from 2.5 million tonnes a year ago. Production of 65% iron pellets was up 9% to 2.7 million tonnes.

Sales for the quarter are expected to be around 2.8 million tonnes versus 2.6 million tonnes a year ago.

Ferrexpo, which has operations in Ukraine, said it is continuing to take actions to workforce and local communities against the spread of the coronavirus.

Shares in the company were up 11% on Tuesday morning at 134.90 pence each.

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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