March 21, 2018 / 7:34 AM / 9 months ago

Ferrexpo raises 2017 dividend, sees better demand this year

LONDON, March 21 (Reuters) - Iron ore pellet producer Ferrexpo raised its 2017 dividend by 150 percent on Wednesday as earnings jumped on stronger demand.

The London-listed firm said 2017 underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose 47 percent to $551 million.

Dividends for 2017 reached 16.5 cents from 6.6 cents a year earlier, including a final and special dividend.

"Ferrexpo expects to benefit from higher pellet premiums in 2018, reflecting agreements with customers and strong demand for high quality pellets," the company said in a statement.

Reporting by Zandi Shabalala; editing by Jason Neely

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below