Revenue of the Swiss iron ore company Ferrexpo, which controls Ukraine's Poltava and Yeristovskiy mining and processing plants, decreased by 31% to USD 936 million in the first half of 2022 as a result of lower production and tighter market conditionsProfit after tax in the first half of 2022 decreased by 88% to USD 82 million, reflecting the realization of an impairment charge of USD 254 million during the reporting period.Underlying EBITDA declined 44% to USD 486 million, reflecting higher costs mainly driven by lower production volumes, higher global inflation and higher energy prices.Ferrexpo is an iron ore company with assets in Ukraine. Fevamotinico Sarl, controlled by Konstantin Zhevago, owns 50% of Ferrexpo, BlackRock - 6.74%. Ferrexpo owns 100% of the shares of Poltava GOK, 100% of Eristovsky GOK and 99.9% of Belanovsky GOK.
Revenue of the Swiss iron ore company Ferrexpo, which controls Ukraine's Poltava and Yeristovskiy mining and processing plants, decreased by 31% to USD 936 million in the first half of 2022 as a result of lower production and tighter market conditionsProfit after tax in the first half of 2022 decreased by 88% to USD 82 million, reflecting the realization of an impairment charge of USD 254 million during the reporting period.Underlying EBITDA declined 44% to USD 486 million, reflecting higher costs mainly driven by lower production volumes, higher global inflation and higher energy prices.Ferrexpo is an iron ore company with assets in Ukraine. Fevamotinico Sarl, controlled by Konstantin Zhevago, owns 50% of Ferrexpo, BlackRock - 6.74%. Ferrexpo owns 100% of the shares of Poltava GOK, 100% of Eristovsky GOK and 99.9% of Belanovsky GOK.
