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Iofina PLC reveals 'record breaking year' in 2019 trading update

Iofina PLC (LON:IOF) CEO Tom Becker tells Proactive it has moved into a profit in 2019 after record iodine production for a second year running.

Becker says the chemicals group reported revenues that rose by 22% to more than $29 million, while there was a pre-tax profit of $600,000 compared to a loss of $1.1 million.

Quick facts: Iofina PLC

Price: 13.7 GBX

LSE:IOF
Market: LSE
Market Cap: £26.28 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