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IOFNF / Iofina profits 'materially ahead of forecast' with demand strong

Iofina profits 'materially ahead of forecast' with demand strong
Iofina said it expects underlying profits for 2002 to be materially ahead of market forecast and not less than US$10.5mln as prices for iodine have stayed higher than expected. Global demand for both iodine and iodine-based derivatives was strong throughout 2022, with prices rising during the first half and remaining there for the remainder of the year Revenues for the year were in line with previous guidance, “As a result, sales margins achieved by Iofina in the second half were robust and combined with our improved iodine production, the company delivered stronger second-half profitability than previously anticipated, “ Iofina said in a statement. Read More
Posted: Feb 6 2023, 02:32
Author Name: Proactive Investors
Views: 110967

IOFNF News  

Iofina making plans for its tenth iodine plant

By Proactive Investors
October 20, 2023

Iofina making plans for its tenth iodine plant

Iofina PLC (AIM:IOF, OTC:IOFNF) has unveiled plans for a partnership with a new brine supply associate and will construct its latest IOsorb iodine p more_horizontal

Iofina on the expansion trail after profits surge

By Proactive Investors
September 11, 2023

Iofina on the expansion trail after profits surge

Iofina reported its best first half ever as sales volumes doubled and iodine prices rose again. Crystalline iodine sales jumped 122% to 169,000 tonne more_horizontal

Iofina production to rise as new plant ramps up

By Proactive Investors
July 20, 2023

Iofina production to rise as new plant ramps up

Iofina expects a significant uplift in iodine production over the remainder of the year as its new plant, IO#9, comes onstream. “Importantly, demand more_horizontal

Iofina says its IO#9 IOsorb plant is now operational

By Proactive Investors
June 14, 2023

Iofina says its IO#9 IOsorb plant is now operational

Iofina PLC (AIM:IOF, OTC:IOFNF) has announced today that its IO#9 IOsorb plant is now operational and, following hydrotesting, the plant has commenc more_horizontal

Iofina slashes debt at profit and cashflow surge

By Proactive Investors
April 25, 2023

Iofina slashes debt at profit and cashflow surge

Iofina PLC (AIM:IOF, OTC:IOFNF) said it has cut debt to below US$1mln and its newest iodine extraction plant is on track to be up and running by the e more_horizontal

Iofina production steady as new plant nears commissioning

By Proactive Investors
April 12, 2023

Iofina production steady as new plant nears commissioning

Iofina increased production slightly in the three months to March even with cooler weather and weather-related disruption. Output totalled 107.1 metri more_horizontal

Iofina profits 'materially ahead of forecast' with demand strong

By Proactive Investors
February 6, 2023

Iofina profits 'materially ahead of forecast' with demand strong

Iofina said it expects underlying profits for 2002 to be materially ahead of market forecast and not less than US$10.5mln as prices for iodine have st more_horizontal

Iofina says it continued to perform well during the fourth quarter of 2022

By Proactive Investors
January 9, 2023

Iofina says it continued to perform well during the fourth quarter of 2022

Iofina PLC (AIM:IOF, OTC:IOFNF), specialists in the exploration and production of iodine and manufacturers of specialty chemical products, has said th more_horizontal


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