Ferrexpo, the Swiss-headquartered, U.K.-listed, Ukraine iron ore pellet maker, said its annual profits climbed to $292 million from $124 million, with revenue up 60% to $1.12 billion, as the average pellet price rose 72%.
It said it has been trading profitably since the economic downturn and is paying a dividend of 3.3 cents a share, in either dollars or sterling, and said the outlook for the iron ore market remains uncertain in the short term.
It maintained positive margins during the first two months of 2009.
Source: Marketwatch
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