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Pin to quick picksIofina Regulatory News (IOF)

Share Price Information for Iofina (IOF)

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Trading Update

13 Jan 2015 07:00

RNS Number : 9677B
Iofina PLC
13 January 2015
 

 

13 January 2015

Iofina plc

("Iofina" or the "Company")

(LSE AIM: IOF)

 

TRADING UPDATE

 

Iofina, specialists in the exploration and production of iodine and iodine specialty chemical derivatives, is pleased to provide an update to the market today on performance over a transformational 12 month period for the Company.

 

Iofina produced a total of 327.7MT (2013: 171MT) of crystalline iodine in 2014 from its IOsorb® plants across the USA, a like-for-like increase of over 90%. This 2014 production total was achieved in spite of lower than expected water volumes in December, due to fracking in Iofina's Oklahoma production area. The Company expects to produce 220-260MT of crystalline iodine in H1 2015 from its existing IOsorb® plants.

 

Furthermore, the Board expects overall Revenue in 2014 to be over 35% higher than 2013 Revenue, in a year when iodine prices fell more sharply than expected. Iofina's specialty chemical derivatives producer, Iofina Chemical, continues to be a market-leader and the Board remains highly encouraged by its performance.

 

Pursuant to the Company's 22 December RNS, the Department of Natural Resources and Conservation ("DNRC") of the State of Montana has reviewed all objections and only a portion of one objection has been deemed valid, for the Company's Montana water permit (No. 40S 30066181). All other filed objections were deemed invalid. The hearing date for this single objection, from a local water supply competitor, is tentatively scheduled for 19 February 2015. The Company will vigorously defend the granting of the preliminary permit and continues to move forward with execution plans for this water depot project.

 

 

Commenting on today's Trading Update, President and CEO Dr. Tom Becker, stated: "I am delighted that that we had a productive second half of 2014 and continue to optimize iodine production at our IOsorb® plants while providing the iodine chemical derivatives market with quality, innovative products through Iofina Chemical. Through improved plant efficiencies and strategic growth the Board expects 2015 to be an exceptional year for Iofina and looks forward to updating shareholders on progress."

 

 

For further information, please contact:

Dr. Tom Becker, CEO & President

Iofina plc

Tel: +44 (0)20 3006 3135

 

John Prior/Rupert Krefting/Paul Gillam

Numis Securities

Tel: +44 (0)20 7260 1000

 

Rob Collins/Emily Morris

GMP Securities

Tel: +44(0)20 7647 2800

 

Media Contact:

Dominic Barretto/Anna Legge

Yellow Jersey PR

Tel: +44 (0)7768 537 739

 

 

 

About Iofina:

 

Iofina specializes in the exploration and production of iodine, iodine specialty chemical derivatives and produced water. Iofina's business strategy is to identify, develop, build, own and operate iodine extraction plants currently focused in North America based on Iofina's WET® IOsorb® technology. Iofina has production operations in the United States, specifically in Texas, Montana, Kentucky and Oklahoma. It has complete vertical integration from the production of iodine in the field to the manufacture of the chemical end-products derived from iodine to the consumer and the recycling of iodine using iodinated side-streams from waste chemical processes. Iofina utilizes its portfolio of patented and patent pending technology, proprietary methods and trademarks throughout all business lines.

 

www.iofina.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTLFFVFLFIFLIE
Date   Source Headline
6th Jan 201410:12 amRNSDirector Transfer of Shares
23rd Dec 20137:00 amRNSWater Project Update
17th Dec 20133:35 pmRNSDirector Dealing
17th Dec 201310:27 amRNSDirector Dealing
17th Dec 20137:00 amRNS2013 Review and 2014 Outlook
13th Dec 20132:55 pmRNSWater Permit
29th Nov 20137:00 amRNSDirectors' Disclosure
22nd Nov 20137:00 amRNSBoard Change
20th Nov 20137:00 amRNSOperational Update
12th Nov 20137:01 amRNSGrant of Options to Directors
5th Nov 20131:45 pmRNSChange of Registered Office
31st Oct 20137:00 amRNSCommissioning of IO#3 iodine extraction plant
9th Oct 20137:00 amRNSOperational Update
2nd Oct 20132:40 pmRNSHolding(s) in Company
26th Sep 20133:32 pmRNSHolding(s) in Company
25th Sep 20137:00 amRNSHalf Yearly Report
19th Sep 20137:00 amRNSDirectorate Change
6th Sep 20137:00 amRNSNotice of Results
16th Aug 20137:00 amRNSBoard Appointment
2nd Aug 20138:30 amRNSIOSorb Patent Awarded
1st Aug 20137:00 amRNSOperational Update
4th Jul 20138:56 amRNSDirector/PDMR Shareholding
3rd Jul 20135:40 pmRNSChange of Registered Office
28th Jun 20132:05 pmRNSDirector/PDMR Shareholding
25th Jun 20138:15 amRNSProduction & Produced Water Congress 2013
24th Jun 20132:22 pmRNSHolding(s) in Company
24th Jun 201312:00 pmRNSResponse to Share Price Movement
19th Jun 20132:10 pmRNSResult of AGM
19th Jun 20137:00 amRNSAGM Statement
17th Jun 20135:01 pmRNSHolding(s) in Company
12th Jun 201310:08 amRNSBoard Changes
5th Jun 20137:00 amRNSPosting of Annual Report and Notice of AGM
20th May 20137:00 amRNSCompletion of US$15m Convertible Bond Issue
8th May 20137:00 amRNSSuccessful Arrangement of US$15m Convertible Bond
7th May 20137:00 amRNSFinal Results
2nd May 20137:00 amRNSChange in Reporting Currency
29th Apr 20137:47 amRNSNotice of Final Results
29th Apr 20137:00 amRNSAtlantis Water Project Update
17th Apr 20137:00 amRNSHolding(s) in Company
15th Apr 20137:00 amRNSBoard Update
3rd Apr 20135:30 pmRNSHolding(s) in Company
28th Mar 20137:55 amRNSAtlantis Water Project
27th Mar 20134:09 pmRNSHolding(s) in Company
11th Mar 20135:19 pmRNSHolding(s) in Company
7th Mar 20137:00 amRNSOperational Update
11th Feb 20131:34 pmRNSHolding(s) in Company
16th Jan 20137:00 amRNSHolding(s) in Company
14th Jan 20137:00 amRNSAppointment of Non-Executive Director
11th Jan 20137:00 amRNSCommissioning of IO#2 IOsorbT Plant
20th Dec 20128:12 amRNSHolding(s) in Company

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