Ferrexpo releases preliminary 2008 results
24 March 2009
This morning in a press release, Ferrexpo (FXPO LN) released its preliminary results for 2008: revenue of USD 1.1 bln, up 60% yoy; EBITDA of USD 503.9 mln, up 104.8% yoy; net income of USD 313.0 mln, up 133.6% yoy. The company said that its average price for pellets sold was 72.3% higher than in 2007; and total pellet production remained at the 2007 level. Look for a flash note from us later today.
