In respect of the strong operational and financial performance in 2020, coupled with transition to net cash position and continued healthy iron ore prices, Ferrexpo have announced a further special interim dividend is being proposed of 39.6 US cents. Total dividends paid in respect of 2020 amount to 72.6 US cents (2019: 19.8 US cents).
Other financial highlights include:
13% increase in revenue to US$1.7 billion, reflecting rising production volumes and destocking process in 1H 2020.
Underlying EBITDA up 46% to US$859 million (2019: US$586 million).
45% increase in net cash flows from operations to US$687 million (2019: US$473 million).
Net cash position of US$4 million as at year end (31 December 2019: net debt US$281 million).
