Biome Technologies plc Announces Revenues Results for the Third Quarter and Nine Months Ended 30 September 2019; Provides Earnings Guidance for the Full Year 2019
For the nine months, the company's total group revenues for the nine months to 30 September 2019 to GBP 5.1 million compared with GBP 7.0 million a year ago.
The group has continued its upward momentum in the Bioplastics division and the fund raise of GBP 1.2 million (net) that completed in early the fourth quarter will support both existing business positions and a more vigorous approach to this fast growing market. Trading conditions for the RF division remain as expected. It is against this backdrop that the board expects the full year results to be in line with current market expectations.