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Iofina plc on track to beat second half production guidance

Tom Becker, chief executive of Iofina plc (LON:IOF), tells Proactive they're on track to beat their production guidance of between 225-240 metric tonnes in the second half of 2017.

One plant, IO#3 has been taken offline and is being replaced by a much more efficient unit, IO#7, which is scheduled to come on stream in early 2018.

Quick facts: Iofina PLC

Price: 24.5 GBX

LSE:IOF
Market: LSE
Market Cap: £47.01 m
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'Things are adding up for Iofina' with increased year-on-year production

Tom Becker, chief executive of Iofina plc (LON:IOF), tells Proactive Investors 2017 was a year of 'substantial' progress for the company. Gross profit increased by US$2.2m from US$2.7mln to US$4.9mln while underlying earnings (EBITDA) improved by US$2.7m from a deficit of US$1.3mln to a...

on 30/4/18

2 min read