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Iofina

  • BY: Andrew Hore |
  • POSTED: 22/04/2019 |

Iofina achieved record first quarter production thanks to the new IO#7 plant and iodine prices are rising. 

The iodine producer was hampered by poor weather but still increased the production by 10% to 134.4MT. The first half production target has been reduced to 310MT-330MT due to lower plant efficiencies and planned works.

Although full year production targets have been trimmed from 621MT to 598MT, the higher iodine price means that the 2019 pre-tax profit forecast is edged up from $1.04m to $1.1m.

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