Poltava Mining and Processing Plant (PGOK, Ferrexpo Poltava Mining, Horishni Plavni, Poltava region), the main asset of Ferrexpo Group, majority owned by businessman Konstantin Zhevago, ended 2023 with a net loss of UAH 5 billion 444.659 million, compared to UAH 9 billion 134.166 million in the previous year.
According to the company’s annual report, which is available to Interfax-Ukraine, the pre-tax loss in 2023 amounted to UAH 5 billion 254.935 million (UAH 7 billion 825.999 million).
During this period, the company reduced its net income by 33.1% to UAH 15 billion 65.640 million.
Retained earnings by the end of 2023 amounted to UAH 20 billion 717.117 million.
Ferrexpo is an iron ore company with assets in Ukraine.
According to the first quarter of 2024, Ferrexpo AG (Switzerland) owns 100% of Poltava Mining.
The authorized capital of Poltava Mining is UAH 1 billion 902.36 million.
Ferrexpo owns a 100% stake in Yeristovo Mining, 99.9% in Bilanivsky Mining and 100% in Poltava Mining.
