Switzerland-based Ferrexpo said it needs more time to finalize its full-year 2024 financial results due to recent developments in Ukraine and ongoing discussions with the firm's auditors concerning its subsidiary, Ferrexpo Poltava Mining (FPM).
Last week, the State Bureau of Investigation in Ukraine (SBI) said that a Kyiv district court had ordered the transfer of 49.5% of FPM's corporate rights to Ukraine's Asset Recovery and Management Agency (ARMA), according to Ferrexpo's separate release.
