ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

BIOM Biome Technologies Plc

100.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Biome Technologies Plc LSE:BIOM London Ordinary Share GB00B9Z1M820 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 100.00 90.00 110.00 100.00 100.00 100.00 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Manufacturing Industries,nec 6.19M -671k -0.1774 -5.64 3.78M

Biome Technologies PLC Trading Update (1437W)

25/04/2016 7:00am

UK Regulatory


Biome Technologies (LSE:BIOM)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Biome Technologies Charts.

TIDMBIOM

RNS Number : 1437W

Biome Technologies PLC

25 April 2016

25 April 2016

Biome Technologies plc

("Biome", the "Company" or the "Group")

Trading Update

In advance of its Annual General Meeting today, Biome, a leading bioplastics and radio frequency technology business, is pleased to announce a trading update for the three months ended 31 March 2016.

Total Group revenues achieved for the first three months of the year were GBP1.1m, in line with the same quarter last year (2015: GBP1.1m).

The Group made a small profit before interest, tax, depreciation, amortisation, and share option charges in this quarter (based on unaudited management accounts).

The Group's cash position as at 31 March 2016 was GBP1.6m (31 December 2015: GBP1.6m) reflecting the current trading activity. Increases in capitalised development spend were offset by working capital reductions.

Bioplastics Division

Revenues in the Bioplastics division in Q1 2016 were GBP0.2m (Q1 2015: GBP0.5m) reflecting the timings of campaign production runs in the US single-serve coffee market. The new temperature-tolerant material underwent final customer production run trials in the quarter and revenues of this product are expected to build over the coming months.

Further progress has been made on the development of a biodegradable non-woven mesh. The Group also received further government funding of GBP0.7m in the quarter, highlighted in the 2015 full year results, to continue its medium term development work on bio-based materials.

Stanelco RF Technologies Division

Revenues for Q1 2016 in the RF Technologies division were GBP0.9m (Q1 2015: GBP0.6m). Good revenue levels were supported by orders for fibre optic furnaces and activity associated with the GBP1.5m contract to supply advanced analytical equipment to a customer in a regulated industry. Both systems for this contract are due to be delivered before the end of June 2016.

Outlook

Biome continues to make good progress against the strategy as set out in the Group's full year results in March 2016 and against this background the Board remains confident in the Group's outlook for the remainder of the year.

- Ends -

For further information please contact:

 
 Biome Technologies plc 
 Paul Mines, Chief Executive 
  Officer 
 Declan Brown, Group Finance 
  Director 
 www.biometechnologiesplc.com          Tel: +44 (0) 2380 867 100 
 Allenby Capital 
 David Hart/Alex Brearley (Nominated 
  Adviser) 
  Chris Crawford/Kelly Gardiner 
  (Broker) 
 www.allenbycapital.com                Tel: +44 (0) 20 3328 5656 
 
 FTI Consulting 
 Oliver Winters                        Tel: +44 (0) 20 3727 1535 
  www.fticonsulting.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTAKQDQKBKBPQB

(END) Dow Jones Newswires

April 25, 2016 02:00 ET (06:00 GMT)

1 Year Biome Technologies Chart

1 Year Biome Technologies Chart

1 Month Biome Technologies Chart

1 Month Biome Technologies Chart

Your Recent History

Delayed Upgrade Clock