Southampton-based Biome Technologies, a bioplastics and radio frequency technology business, released its unaudited trading update for the quarter ended 30 June 2023.
The company posted encouraging reports of growth in revenue. Biome reported that group revenues were £3.6 million, a 47 per cent increase on the £2.4 million posted in H1 2022.
This group revenue covers both the Bioplastics division, which posted revenues of £3 million, a 50 per cent increase on 2022 H1’s £2 million; and the RF Technologies division, which posted revenues of £0.5 million, a 25 per cent increase on the £0.4 million posted in 2022 H1.
Biome Technologies plc (LON:BIOM) is a growth oriented, commercially driven technology group. The Group’s primary activity is the development of its fast growing business in bioplastics. The Group comprises two divisions: Biome Bioplastics and Stanelco RF Technologies.