Biome Technologies announces Preliminary Results for 2014

  • Significantly improved Group financial performance
  • Group revenues up 80% to £3.57m (2013: £1.98m), reflecting increased revenue in both of the Group’s divisions
  • Pre-exceptional operating loss reduced to £1.32m (2013: loss £1.69m)
  • Biome Bioplastics’ revenues increased to £1.45m (2013: £0.96m) as it continued its focus on sales of high performance, higher margin products
  • Stanelco RF Technologies division moved back into profitability and more than doubled its revenues
  • Cash position at 31 December 2014 was £2.39m (2013: £3.31m)
  • Trading to date in 2015 in, both divisions, is in line with the Board’s expectations