In its Q3 trading update, Biome Technologies reported continuing growth in Bioplastics and a maintenance of revenues in RF Technologies in line with Q1 and Q2. Cash at the period end was £0.9m (Q2 2023: £0.9m). The outlook for the full year remains encouraging for Bioplastics, however, there has been a delay in finalising two projects in the RF division and given the proximity to the year end, as a matter of prudence we are increasing our Group adjusted LBT forecast from £1.1m to £1.3m. Year-end ....


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Allenby Capital - Biome Technologies Q3 update
- Published:
13 Nov 2023 -
Author:
Ian Jermin -
Pages:
3 -
In its Q3 trading update, Biome Technologies reported continuing growth in Bioplastics and a maintenance of revenues in RF Technologies in line with Q1 and Q2. Cash at the period end was £0.9m (Q2 2023: £0.9m). The outlook for the full year remains encouraging for Bioplastics, however, there has been a delay in finalising two projects in the RF division and given the proximity to the year end, as a matter of prudence we are increasing our Group adjusted LBT forecast from £1.1m to £1.3m. Year-end ....