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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: 24.14 GBX

LSE:IOF
Market: LSE
Market Cap: £46.31 m
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Investor Update: Iofina PLC on track to deliver record annual iodine output

Headlines from the Proactive UK newsroom. Things continue to move in  Iofina’s (LON:IOF) favour . Iodine prices have continued to strengthen while output reached a record of 454MT of crystalline iodine in the nine months to 30 September 2019. Remote Monitored Systems (LON:RMS) has...

1 day, 5 hours ago

2 min read