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Ferrexpo makes hay in first half

Sky high iron ore prices saw Ukraine-focused Ferrexpo report a 165% increase in post-tax profit in the first half of the year versus H1 2020.

Tom Hoskyns
Ferrexpo makes hay in first half

Profit after tax amounted to US$661 million, with underlying EBITDA totalling $868 million, up 147% year-on-year but 3% below consensus estimates. The average price of 65% iron ore fines over the period...

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