Highlights
- Group revenues in H1 2018 increased by 47% to £4.4m compared with the comparable period last year (H1 2017: £3.0m)
- Biome generated an operating profit of £0.2m compared to an operating loss of £0.2m in the first half of 2017
- Group cash position at 30 June 2018 of £2.3m (31 December 2017: £2.3m)
Paul Mines, Chief Executive Officer said:
“The Group had an outstanding first half to 2018 delivering an operating profit in the period. Opportunities within the Bioplastics division are increasing with substantial revenue potential in the medium term whilst the Stanelco RF division has delivered an exceptional start to the year. It is against this backdrop that Board remains confident in the Group’s outlook for 2018.”
The full interim results can be read here
