Iofina’s loss widens as iodine prices remain low
Published: Friday, 30 September 2016
The second largest iodine producer in the US saw its bottom line slip further due to the weak pricing environment, despite increased revenues.
US-based iodine producer Iofina Plc saw
its loss for H1 2016 grow to $2.199m.
Impairment expenses of $469m, coupled with
low prices, cancelled out the benefits of a 5% revenue increase
CEO Thomas Becker remained positive, citing the revenue
improvement and saying the company was doing all...