Biome Technologies reported a strong start to the year for its key Bioplastics business with the division showing yoy revenue growth of 83% in Q1. As anticipated, revenues generated by the Stanelco RF division were impacted by weaker demand for fibre optic furnaces resulting in revenues down 87% yoy. Group sales in the quarter were £1.3m (Q1 2019: £2.1m). Covid-19 considerations aside, we believe the Bioplastics division to be in a strong growth phase, with many market opportuniti
22 Apr 2020
Strong start for Bioplastics, revenues up 83% in Q1
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Strong start for Bioplastics, revenues up 83% in Q1
Biome Technologies PLC (BIOM:LON) | 95.0 0 0.0% | Mkt Cap: 3.59m
- Published:
22 Apr 2020 -
Author:
Ian Jermin -
Pages:
3
Biome Technologies reported a strong start to the year for its key Bioplastics business with the division showing yoy revenue growth of 83% in Q1. As anticipated, revenues generated by the Stanelco RF division were impacted by weaker demand for fibre optic furnaces resulting in revenues down 87% yoy. Group sales in the quarter were £1.3m (Q1 2019: £2.1m). Covid-19 considerations aside, we believe the Bioplastics division to be in a strong growth phase, with many market opportuniti