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Iofina reports strong start to year with 10% first half production increase

Iofina PLC’s (LON:IOF) Tom Becker tells Proactive London's Andrew Scott production at their plants in Oklahoma rose by 10% in the first half of the year.

He says they're guiding for production in the second half of the year of between 305-325 MT of crystalline iodine.

That would take the total for the year up to at least 592 MT and possibly as much as 612 MT.

Becker adds their newest subsidiary, IofinaEX, is now fully licensed to process hemp in the state of Kentucky and they're exploring the isolation of speciality chemical products.

Quick facts: Iofina PLC

Price: 21.3749 GBX

LSE:IOF
Market: LSE
Market Cap: £41.01 m
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Morning Report: Iofina expecting record year-end production

Headlines from the Proactive UK newsroom. Iofina (LON:IOF) expects the iodine price will continue to rise in 2020 after a 20% rise in 2019. Production of iodine over the year will also likely be a record said the extraction specialist with a fifth plant expected to come onstream in Oklahoma...

on 20/12/19

2 min read