In January-April of the current year, Ukraine's Poltava GOK, a subsidiary of Swiss-headquartered resource company Ferrexpo, increased production of pellets with 65 percent iron content from its own ore by 6.9 percent compared to the same period of last year. In the first four months, the company produced 3 million mt of iron ore, in accordance with the targeted level.
In 2010, the company's net profit amounted to UAH 737.84 million ($91.7 million). UAH 95.5 million ($11.9 million) of this figure will be spent on paying dividends, while UAH 642.34 million ($79.8 million) will be invested in development of production.
Poltava GOK is principally involved in the production and export of iron ore pellets which are used in the manufacture of steel.