Shares in Southampton-based bioplastics and radio frequency technology firm Biome Technologies have jumped by more then 60 per cent following a positive unaudited trading update.
The rise comes after the company reported revenues for the quarter ended 30 September 2022 of £1.9 million, 77 per cent ahead of the same period in 2021.
Part of this is down to the receipt of revenues delayed in the previous quarter, as anticipated by the firm’s management.
Biome Technologies plc 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.