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Iofina PLC's Tom Becker hails record first-half profits as production expands

Iofina PLC's (LON:IOF) Tom Becker tells Proactive London's Andrew Scott they recorded record half-year revenues in the first six months of 2019.

Revenue rose 29% to US$14.53mln from US$11.30mln while underlying earnings (EBITDA) soared 172% to US$1.97mln from US$720,000 the previous year.

A fifth IOsorb plant, IO#8, is now in the first phase of construction and the new partner in IO#8 is expected to provide opportunities for further plants at future sites.

Quick facts: Iofina PLC

Price: 25.7 GBX

LSE:IOF
Market: LSE
Market Cap: £49.31 m
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