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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: 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