The revenue of Ferrexpo in 2016 grew by 2.6% to $986.33 mln.
In 2016 Ferrexpo made $189.2 mln of net profit, that is by more than 6 times exceeds the results of 2015 ($31.46 mln).
Poltava GOK (in the structure of Ferrexpo) on the results of 2016 increased profit from operational activity by 19% to 3.2 bln grivnas against 2.7 bln grivnas in 2015.
S&P has increased the long-term corporate credit rating of Ferrexpo to B- from CCC as well as the short –term rating from C to B with a positive outlook, the agency reports.
Poltava GOK (Ukraine, in the structure of Ferrexpo) exported 11.416 mln tons of iron ore pellets in 2016.
According to Ferrexpo Plc, in 2016, the total pellet production by the company decreased by 4% to 11.2 million tons from 11.7 million tons in 2015.
Ferrexpo plc, that has assets in the Ukraine, reduced the production of iron ore pellets by 4.6% to 9.258 mln tons in annual terms on the results of January-October 2016.
Ferrexpo has announced of 8.2% fall of iron ore pellets production in Q3 2016.
In January-August 2016 the Poltava GOK (in the structure of Ferrexpo) exported 7.685 mln tons of iron ore pellets.
Fitch has increased the long-term rating of Ferrexpo plc (the UK) that controls the Poltava and Yeristovo GOKs from CCC to CC.
The agency confirmed the short-term rating at C.
The net profit of Ferrexpo in H1 2016 fell by a third against H1 2015 to $77 mln.
The revenue of Ferrexpo in H1 2016 fell by 11% against H1 2015 to $458 mln.