Iofina plc (GB:IOF) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.
For further insights into GB:IOF stock, check out TipRanks’ Stock Analysis page.