
09 Sep 2024
Symphony Environmental (SYM LN) - Solid H1, outlook more positive
Symphony has reported solid H1 earnings with gross profit up and losses reduced. Momentum continued throughout the period, with a notably strong Q2 performance. The balance sheet is also in better shape helped by a recent successful £1.3m equity fundraising. Improved performance was driven primarily by recovery in demand for the d2w (biodegradable) product, and tight control of costs. The outlook is cautious but positive with a growing pipeline for both d2w and d2p (protective technology) produc ....

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Symphony Environmental (SYM LN) - Solid H1, outlook more positive
Symphony Environmental Technologies plc (SYM:LON) | 6.8 0 (-3.6%) | Mkt Cap: 16.0m
- Published:
09 Sep 2024 -
Author:
Robin Byde -
Pages:
9 -
Symphony has reported solid H1 earnings with gross profit up and losses reduced. Momentum continued throughout the period, with a notably strong Q2 performance. The balance sheet is also in better shape helped by a recent successful £1.3m equity fundraising. Improved performance was driven primarily by recovery in demand for the d2w (biodegradable) product, and tight control of costs. The outlook is cautious but positive with a growing pipeline for both d2w and d2p (protective technology) produc ....