Despite COVID-19 disruption, Biome Technologies reported continued strong growth in its key Bioplastics operation with the division showing H1 revenue growth of 53%. However, COVID-19 negatively impacted an already weak market for fibre optic furnaces and consequently H1 revenues from the Stanelco division were down 82% at £0.2m. While enquiries and order books in the latter division have begun to show some modest improvement, significant growth in H2 would be required to meet managemen
30 Jul 2020
Good growth in Bioplastics-COVID impacts Stanelco
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Good growth in Bioplastics-COVID impacts Stanelco
Biome Technologies PLC (BIOM:LON) | 95.0 0 0.0% | Mkt Cap: 3.59m
- Published:
30 Jul 2020 -
Author:
Ian Jermin -
Pages:
3
Despite COVID-19 disruption, Biome Technologies reported continued strong growth in its key Bioplastics operation with the division showing H1 revenue growth of 53%. However, COVID-19 negatively impacted an already weak market for fibre optic furnaces and consequently H1 revenues from the Stanelco division were down 82% at £0.2m. While enquiries and order books in the latter division have begun to show some modest improvement, significant growth in H2 would be required to meet managemen