Miner Ferrexpo's annual profit drops on costs, lower output

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 15 (Reuters) - Ferrexpo Plc reported a slump in its full-year profit on Wednesday, as the Ukraine-focussed miner took a hit from higher costs and lower production volumes. The group, which is also facing logistical snags following Russia's invasion of its neighbour, said its underlying core profit for the full year ended Dec. 31 dropped 47% to $765 million.



(Reporting by Muhammed Husain in Bengaluru; Editing by Rashmi Aich)

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