Stories
- Result of AGM
- Biome Technologies Notice of Annual General Meeting
- Biome Technologies Publishes Annual Report and Financial Statements 2011
- Biome Technologies Announces Preliminary Results for 2011
- Biome Technologies Releases Q3 Trading Update
Result of AGM Wednesday, 25th April 2012
Biome announces that at the Company's Annual General Meeting held earlier today all resolutions were duly passed.
At the Annual General Meeting, a presentation on 2011 performance and today's trading update was given to shareholders by the Chief Executive.
A copy of the presentation can be found here.
The detailed votes at the AGM can be found here.
Biome Technologies Notice of Annual General Meeting Tuesday, 3rd April 2012
The Annual General Meeting (the "AGM") of Biome Technologies plc will be held on Wednesday 25 April 2012 at11:00am at the offices of FTI Consulting (formerly Financial Dynamics), HolbornGate, 26 Southampton Buildings, London, WC2A 1PB (map).
The Notice of AGM can be found here.
Biome Technologies Publishes Annual Report and Financial Statements 2011 Thursday, 29th March 2012
The Annual Report and Accounts for 2011 are now available on the web here
Biome Technologies Announces Preliminary Results for 2011 Thursday, 29th March 2012
Financial Highlights
Group revenue up 42% to £19.1m.
Loss from operations reduced to £1.0m (2010: loss £1.9m), ahead of expectations.
Loss before tax reduced to £1.1m (2010: loss £2.3m).
Closing Group cash position £2.4mTwo year debt facility of up to £2.0m agreed in May 2011 to support the continued growth of the Group.
Business Highlights
47% growth in Bioplastics Division revenue which includes:
- 82% growth in revenue made by Biome Bioplastics, the wholly owned UK headquartered bioplastics business
- 31% growth in Biotec's third party revenue
21% growth in revenue in Stanelco RF Technologies with a new contract signed with Durapipe UK in January 2012
Bioplastics Division reaches annual breakeven for the first time and Stanelco RF Technologies improves profitability Significant progress made in broadening the Group's customer base in both applications and geography
Board strengthened with the appointment of Declan Brown as Group Finance Director.
Full details of these results can be found in the RNS section of the website. A presentation on the results can be found here
Biome Technologies Releases Q3 Trading Update Friday, 4th November 2011
Trading Update
Group revenues were £15.3m in the nine months to 30 September 2011 (Q3 2010: £10.3m). This reflected a 110% increase in bioplastic sales made by the UK based Biome Bioplastics, a 34% increase in sales in Stanelco RF Technologies division and a 29% increase in third party sales at the Biotec joint venture. The Group's cash position at 30 September 2011 was £3.0m (30 June 2011: £3.6m).
Bioplastics Division
Revenues in the Bioplastics Division increased from £8.5m to £12.9m in the nine months to 30 September 2011. This was comprised of revenues of £5.3m at Biome Bioplastics and £7.6m from 3rd party sales at the Biotec joint venture in the period.
In the third quarter, Biotec revenues were £2.7m (Q3 2010: £1.7m) benefiting from further abatement of capacity constraints in the supply chain and allowing some stock build within the business. Biome Bioplastics has achieved substantial growth in 2011 compared to comparative quarters in 2010. Q3 sales were £1.7m (Q3 2010 £0.9m). We continue to expect some quarterly volatility as the market reacts to easing of supply constraints.
Stanelco RF Technologies Division
The Stanelco RF Technologies Division continues to perform in line with management expectations with revenues increasing by 34% to £2.4m in the nine months to 30 September 2011. Phasing of sales of furnaces has been skewed to H1 in 2011 and Q3 revenues were £0.6m, below the £0.8m of Q3 2010. Progress continues to be made in broadening the business reach in the industrial marketplace.
Outlook
Trading performance remains in line with the Board's expectations for the year and we are well placed to continue delivering on our strategy through the remainder of 2011 and into 2012.
investors
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news
Wednesday, 25th April 2012
Result of AGM
Biome announces that at the Company's Annual General Meeting held earlier today all resolutions were duly passed. Read More
Tuesday, 3rd April 2012
Biome Technologies Notice of Annual General Meeting
The AGM will be held on Wednesday 25th April in London. Read More
Thursday, 29th March 2012
Biome Technologies Publishes Annual Report and Financial Statements 2011
The 2011 report and account have been published. Read More
Thursday, 29th March 2012
Biome Technologies Announces Preliminary Results for 2011
Biome Technologies delivers its strongest year of trading through revenue growth and continued cost control. Both Bioplastic and Stanelco RF Divisions profitable for the first time. Read More