North American iodine producer Iofina (LON:IOF) took a hit from lower iodine prices but unveiled reduced losses and record production.
Iofina said revenue in the six months to June 30 fell to US$11,062,861 from US$13,020,185 a year ago as iodine prices dropped year-on-year.
But the group said losses reduced to US$467,481 from US$1,303,081 last time.
Pre-tax earnings before interest, depreciation and amortisation (EBITDA) increased to US$1,409,329 from US$349,466 beforehand.
Iofina also said it achieved record iodine production across the group, notching up the highest level of crystalline iodine produced in its history.
It said it was on track to become North America's second largest iodine producer in 2015 and expected to achieve results in line with its expectations.
President and chief executive Tom Becker said the company had done well in the period against a challenging iodine and macro-economic market.
"The group has a backlog of commercially viable iodine production sites and have identified our next two sites in our core area for expansion," he said.