Ferrexpo Announces Key Unaudited 9M Results to 30 September 2014
OREANDA-NEWS. Ferrexpo today announces key unaudited financial information as of and for the nine months ended 30 September 2014. The Company is releasing this information in connection with the announcement by Ferrexpo Finance Plc of an exchange offer for its USD 500,000,000 7.875 per cent. Guaranteed Notes due 2016 and the commencement of the exchange offer period.
Michael Abrahams, Chairman of Ferrexpo commented:
"These good operating results highlight our resilient business model. We continue to benefit from increased production of high quality product which receives a price premium, and lower costs, driven by production efficiencies as a result of the investments we have made over the last four years combined with the fall in the value of the Hryvnia."
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