Ferrexpo, Swiss-based iron-ore producer operating in Ukraine released its financial result for 2012.
In 2012, the company realized net profits of US$215.6 million, slumping by 62.5% from a year ago. Its sakes revenues amounted toUS$1.42 billion, falling by 20.4% year on year, caused by dropped market prices for iron ore.
It’s known that the average benchmark prices for iron ore fines contain 62% Fe dropped by 23.8% to US$168/ton in 2012.
Meanwhile, Ferrexpo’s EBITDA dropped to US$401.5 million, decreasing by 49.9% year on year.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63439&division=A6
