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Iofina PLC

'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 US$1.4mln surplus.

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Price: £0.29

Market: LSE
Market Cap: £55.64 m
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Iofina maintains production despite tough winter and fewer plants

Tom Becker, chief executive of Iofina plc (LON:IOF) tells Proactive Investors they maintained iodine production in the latest quarter even with an exceptionally bad US winter and less plants in operation. Two of the plants (IO#3 and IO#5) were offline at the start of the quarter, while...

on 19/4/18

2 min read