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Record revenue and profitability ● ● Record revenue and profitability Customer markets recovering lofina plc , specialists in the exploration and production of iodine and manufacturers of specialty chemical products , is pleased to announce its Interim Results for the six months ended 30 June 2021 ( the " Period " ) . lofina Technology Leaders in lodine Ⓡ lofina plc ( " lofina " , the " Company " or the " Group " ) ( LSE AIM : IOF ) ● Net debt further reduced INTERIM 2021 RESULTS Revenue increased by 27 % to $ 19.9m ( H1 2020 : $ 15.74m ) Gross profit increased by 10 % to $ 5.4m ( H1 2020 : $ 4.90m ) EBITDA increased by 18 % to $ 3.5m ( H1 2020 : $ 2.9m ) Operating profit increased by 22 % to $ 2.6m ( H1 2020 $ 2.2m ) Paycheck Protection Program loans of $ 1.1m were forgiven Profit before and after tax increased by 164 % to $ 3.5m ( H1 2020 $ 1.3m ) Basic and diluted profit per share was $ 0.018 ( H1 2020 $ 0.007 ) Net debt reduced by 27 % from $ 9.9m ( H1 2020 ) to $ 7.2m 24 September 2021 Interest charges fell by 70 % from $ 0.7m ( H1 2020 ) to $ 0.2m Well placed to finance our ongoing operational investment program lodine production Met revised production target of 249.4 MT during H1 after impact of extreme weather and reduced brine supply at two lofina plants H2 production on track to meet 260-275MT target In negotiations with targeted partners for lofina to build and operate 10 # 9 , with additional expansion efforts beyond 10 # 9 also being evaluated Commenting on today's results , Dr. Tom Becker , President and CEO stated : " The Group has delivered an excellent performance in the first half . Recoveries are underway in our customer markets and with this we expect the demand for iodine and its end - use products to continue to improve .