Company
Iofina PLC
LON:IOF
Iofina plc is a vertically integrated company that specializes in the exploration and production of iodine and the manufacturing of specialty chemical derivatives. Through its commitment to technology development and investing in its people, the company successfully services markets around the globe via its business lines, Iofina Resources and Iofina Chemical.
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Iofina news that the starting gun has been fired on its next growth phase should be "well received" says finnCap
The 'house' broker's analysts noted that the new plant will be located in Western Oklahoma, a region of growing brine supply that management intends to develop into a new core area
Iofina pushes button on new plant in West Oklahoma
"The addition of IO#9 will deliver a major step change in our overall iodine production," said chief executive Tom Becker
Iofina is a standout in volatile markets - analyst
“Strong iodine market fundamentals, a dollar-based business, a strong balance sheet and the potential for a re-rating make Iofina a standout in volatile markets.”
Iofina reports jump in EBITDA, remains on track for second-half production targets
The company said demand remains strong and it expects to meet full-year estimates
Iofina arranges finance for new extraction plant
"Being granted these new low-cost loans underlines the health of the business and the strength of our balance sheet," said chief executive Tom Becker
Iofina appoints Chrystal Capital as it looks to drive shareholder value
The company will further explore business partnerships and combinations in the market and explore wider opportunities to drive shareholder value with the support of Chrystal Capital
Iofina sees profits quadruple in 2021; expects high iodine prices to continue in 2022
"By executing our fundamental business plans coupled with a strong bounce back in demand for iodine and its end-use products in the wake of the COVID-19 pandemic, we were able to deliver enhanced revenues and profits"
Iofina expects iodine prices to continue rising in 2022
"We are encouraged to see that our oil and gas partners are now reinvesting in their assets in order to increase production on the back of the higher oil and gas prices," said Iofina CEO, Tom Becker
Iofina says outlook ‘encouraging’ as iodine fundamentals turn ‘favourable’
The iodine producer expects to secure a deal with a new brine partner soon to offset lower brine volumes at two of its plants
Iofina hits second-half production target but Omicron delays new plant agreement
Directors expect strong current iodine pricing levels to be maintained into the first half of 2022
Iofina production on track, sees iodine prices rising
Tom Becker, chief executive, said: "We are heading for another strong year"
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Iofina eyes production and demand growth after record first half
“With debt further reduced we are in an excellent position to invest in our operations and continue to implement our growth strategy," said CEO Tom Becker
Iofina sees strong sales and higher iodine prices
“Demand is strong and prices are back at pre-pandemic levels,” Dr Tom Becker said
Iofina looking to branch out now debt is at more manageable levels
“The group's debt refinancing during the period was a key highlight and has greatly strengthened the balance sheet," said Tom Becker, the president and chief executive officer of Iofina.
Iofina enjoys margin boost from high iodine prices
Last year was a record for crystalline iodine production
Iofina logs record first-quarter sales, production is hit by abnormal weather
Chief executive, Dr Tom Becker, said: "This quarter, Iofina has seen excellent sales for our crystalline iodine and specialty chemical products, a testament to the company's resilience and ability to capitalise on the market recovery"
Iofina celebrates another year of record production
The group, which produces iodine from brine solutions produced in oil and gas fields, expects more drilling and workover activity in 2021 than was seen in 2020