Biome Technologies group revenues of £5.2m, a 19.6% increase

Biome Technologies plc (LON:BIOM), a leading bioplastics and radio frequency technology business, has provided an unaudited trading update for the quarter ended 30 September 2023.

Group revenues for the nine months to 30 September 2023 were £5.2m, a 19.6% increase over the same period last year (2022 Q3 YTD: £4.3m). The results are in line with management expectations. Performance in 2023 Q3 reflects lower revenue recognition in the RF Technologies division, offset by an increase in revenues from the Bioplastics division where, year-to-date, we are seeing a strong improvement in trading.

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