Biome Technologies plc announces its unaudited Interim Results for the six months ended 30 June 2023.
Highlights
· The Group generated revenues of £3.6m (2022 H1: £2.4m), an increase of 47% on 2022 H1, and gross profit of £1.1m (2022 H1: £0.9m)
· The Bioplastics division’s revenues for 2023 H1 were £3.1m, a 50% increase on 2022 H1 (2022 H1: £2m)
· The Biome Bioplastics division was the principal revenue generator for the Group and saw good demand from both new and existing customers, particularly in North America
· Revenues for the RF Technologies division in 2023 H1 were £0.5m, representing an increase of 30% compared to 2022 H1 (2022 H1: £0.4m) and the division secured a significant new contract.