Iofina plc announced production results for the month of August 2014. For the month, the company reported that it produced 23.6MT of crystallized iodine compared with 24.5MT in July. A combination of factors including continued fracking, unanticipated design changes at IO#5 and IO#6, and a Salt Water Disposal (SWD) site upgrade by an operator that took longer to complete than forecast resulting in plant downtime, contributed to a decrease in production. These factors had a short-term negative effect on production, with production beginning to normalize in this last week.

The company has also reviewed its production forecasts for 2014. In light of current fracking schedules, delays in the start of production at IO#5 and IO#6, and lower water volumes after the SWD site upgrade, the company anticipates that its overall 2014 crystallized iodine production will be circa 325-350MT of crystallized iodine. This represents close to a 2-fold year over year production increase but is below current market forecasts and managements targets.

While the iodine markets continue to remain challenging, the company has seen strong demand for its iodide derivatives, due to complete vertical integration and a strong product offering, resulting in the company's revenues through to September anticipated to surpass the total sales for all of 2013.