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Iofina is 'on track and well funded' after reducing debt and staying productive throughout Covid-19

Published: 18:34 23 Oct 2020 AEDT

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 strong despite some softening this year but believes as 'one of the lowest cost producers in the world' - this can be sustained depending on how the global economy performs.

'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