Iofina plc (GB:IOF) has released an update.
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Iofina plc, a specialist in iodine production and chemical manufacturing, has reported a record first half (H1) revenue of $26.0 million in 2024, marking a 7% increase over the previous year, driven by strong product demand and increased iodine production. The company’s financials show a net cash position of $1.1 million, with investments in new iodine plants and a focus on growth. Despite a 7% drop in average iodine prices, Iofina is optimistic about its growth trajectory, expecting to produce between 355-380 metric tonnes of crystalline iodine in the second half of the year.
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