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Iofina highlights record production and earnings for 2018 as Iodine prices strengthen

Iofina PLC's (LON:IOF) Tom Becker tells Proactive London's Andrew Scott 2018 was a record year for the business on the back of increased iodine production at their IOsorb plants in Oklahoma.

It reported record earnings (EBITDA) for the year ended 31 December of US$2.6mln - 89% higher than the prior year - while revenues climbed 15% to US$24mln.

Quick facts: Iofina PLC

Price: 13.5 GBX

LSE:IOF
Market: LSE
Market Cap: £25.9 m
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Iofina is 'on track and well funded' after reducing debt and staying...

Iofina PLC's (LON:IOF) Tom Becker talks to Proactive London about their production projections which remain 'on track'. Becker explains that the debt refinanced last month 'significantly reduced', meaning they are now a 'bankable business'. He explains that Iodine prices are still...

on 23/10/20

2 min read