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Iofina says 'strong' performance from new plant drives output to record in Q3

By BFN News | 09:01 AM | Wednesday 10 October, 2018


Iofina said Wednesday it had produced the largest quarterly total of crystalline iodine in the third quarter of the year following a 'strong' performance at its new IO#7 plant. For the third quarter of the year, the company produced a total of 172.3 metric tonnes of crystalline iodine, up 37.8% from a year earlier. 'This record production reflected a full quarter of strong performance at the new IO#7 plant, as well as continued consistent operation of our mature IOsorb plants,' the company said. The company said it was 'confident' that it would achieve the 2018 forecast total of 575-to-605 metric tonnes of crystalline iodine. 'I am proud of the record quarterly production that has been achieved in the history of Iofina, in the third quarter this year. The execution of the Company's growth strategy, in particular the advantageous location of IO#7, and the performance of the operations team, continues to pay off for the Company and its stakeholders,' said resident and CEO Dr. Tom Becker. At 9:01am: (LON:IOF) Iofina PLC share price was +1.46p at 14.18p Story provided by StockMarketWire.com

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