Ferrexpo CFO: Ukrainian Hryvnia Likely To Weaken In 2012
14 3월 2012 - 9:03PM
Dow Jones News
The Ukrainian hryvnia will likely weaken in 2012, the chief
financial officer of Ferrexpo PLC (FXPO.LN) told Dow Jones
Newswires Wednesday.
"The balance of probabilities is towards hryvnia weakening,"
Christopher Mawe said, as he reported a 34% increase in full-year
profits for the Swiss-headquartered iron ore company which has
assets in the Ukraine.
He noted that the strength of the Ukrainian currency would
depend on many factors, including the price the country pays for
natural gas from Russia; the progress of talks with the
International Monetary Fund over the resumption of Ukraine's $15.6
billion bailout loan; and the country's ability to access
international debt markets.
He also said he expects inflation in the Ukraine to continue
slowing and to be between 7% to 8% in 2012.
-By Alexander Kolyandr, Dow Jones Newswires;
alexander.kolyandr@dowjones.com
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