Iofina back on track with its targets

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  • Iofina eyes production and demand growth after record first half
  • Profiting from coronavirus: which companies are benefiting, how investors should act
  • Iofina says ‘our business has been strong’ reporting record revenue and profit in first half of 2021
Iofina PLC -

Quick facts: Iofina PLC

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Iofina PLC is a vertically integrated company that specialises in the production of iodine and the manufacturing of specialty chemical products.

As the second largest producer of iodine in North America, it comprises three USA entities; Iofina Resources, Iofina Chemical and IofinaEX.

24 Sep 2021

(, , ) said revenue and profit reached records and debt fell in the first half of the year despite production outages caused by extreme weather and reduced brine supply.

After hitting its revised production target of 249.4mln tons (MT) in the interim period, the iodine maker said it is on track to increase production in the second half of the year to 260-275MT.

President and chief executive officer Tom Becker called it an “excellent performance” and the company expects demand for iodine and its end-use products to improve as customer markets continue to recover.

In the first six months of 2021, revenue came in at US$19.9mln, an increase of 27% on the same period a year earlier as the revised production target was hit and there was sufficient production and reserves to take advantage of demand.

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15 Jul 2021

() reported strong sales and higher iodine prices as it updated investors on its first half activities.

The iodine and specialty chemical products group highlighted the recent demand for iodine and halogen derivative products as customer markets reopened after Coronavirus (COVID-19) restrictions.

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25 May 2021

() said the next few years are set to be transformational for the company as it targets moving into new areas.

In its results statement covering 2020, the iodine producer confirmed that last year was a record-breaking one for the company while the first quarter of 2021 saw record revenues, partly as a result of the sale of excess inventory.

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05 Mar 2020

It’s hard to see the positives with the coronavirus having reached almost 80 countries and notched up death toll of more than 3,000.

But investors are a strange bunch, inoculating themselves from emotions and training themselves to look for investment opportunities during hard times.

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24 Sep 2021

(, , ) (AIM:IOF, OTC:IOFNF, ) Tom Becker joins Proactive London to explain what drove their record revenue and profit in the first half.

Debt also fell in the first half of the year despite production outages caused by extreme weather and reduced brine supply.

He also talks about the markets, the company expects demand for iodine and its end-use products to improve as customer markets continue to recover.

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Iofina says ‘our business has been strong’ reporting record revenue and…

Iofina PLC (AIM:IOF, OTC:IOFNF, FRA:IF7) (AIM:IOF, OTC:IOFNF, FRA:IF7) Tom Becker joins Proactive London to explain what drove their record revenue and profit in the first half.

Debt also fell in the first half of the year despite production outages caused by extreme weather and reduced…

9 hours, 47 minutes ago

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