Ferrexpo PLC (LSE:FXPO), the Ukrainian-based iron ore producer, has decided to delay the publication of its full year results.
The results were previously scheduled for release on 16 March 2022.
“This decision has been made due to the ongoing conflict in Ukraine, which is requiring significant management attention and therefore impacting on the usual internal processes for preparing the group's full year results,” the company said in a statement to market.
“The additional time provided by this delay will allow the group to consider the full impact of these events on the accounts, and will provide more time for the group's independent auditor to carry out its own audit procedures, some of which will be impacted by the current situation in Ukraine.”
No new date for the release of the full year results was given.
Ferrexpo cited the availability of rail freight capabilities as a key operational issue, although it also said it had dispatched a “proportion” of its production to the western border of Ukraine to customers in Europe.