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Ferrexpo maintains Q1 pellet production YOY

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Ferrexpo maintains Q1 pellet production YOY

FerrexpoPlc said April 5 that its total pellet production in the firstquarter remained steady year over year at 2.89 million tonnes.

Production of 65% iron pellets increased 12.7% year over yearto 2.76 million tonnes, while production of 62% iron pellets dropped 71.4% yearover year to 123,800 tonnes.

Ferrexpo's net profit attributable to shareholderstumbled to US$33.0million or 5.63 cents per share in 2015, from US$178.3 million or 30.39 centsper share in 2014, despite record pellet production and higher sales volumesfor the year.