News blog
Iofina
- BY: Andrew Hore |
- POSTED: 22/01/2016 |
Iofina says that its iodine production increased by 73% to 569 tonnes in 2015.
Revenues are expected to be $20.6m in 2015, while a loss of $3.6m is forecast. The review of fraccing in Oklahoma will hamper feedstock availability.
The iodine price is still falling and is expected to reach $25/kg, although Iofina should still be able to cover the cash costs of production.
At 7.9p a share, Iofina is valued at £19.1m.
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