Pre-close Trading Statement

RNS Number : 4086Y

Biome Technologies PLC

24 January 2014

 



24 January 2014

Biome Technologies plc

("Biome" or "the Group")

Pre-close Trading Statement

Biome Technologies plc, the bioplastics and RF technology business, is pleased to provide a pre-close trading statement for the financial year ended 31 December 2013 ahead of the announcement of the audited Preliminary Results, which are scheduled to be published on 27 March 2014.

The Board reports that it expects the financial performance of Biome for the full year period to be in line with expectations.

Solid progress has continued in the Bioplastics Division both with the products that have been launched in the US market and with customer trials for Biome's innovative high temperature material for a food service application.

Stanelco RF Technologies business saw a subdued end to the year due to the previously reported turbulence in the Chinese fibre optic market.  However, the order book for 2014 has begun to build in an encouraging manner.

The Group's cash position at 31 December 2013 was £3.3m (30 September 2013: 3.7m).

-Ends-

For further information please contact:

Biome Technologies plc                                            

Paul Mines, Chief Executive Officer

www.biometechnologiesplc.com                                     Tel: [phone]

Daniel Stewart & Company plc                                   

David Hart

www.danielstewart.co.uk                                                Tel: [phone]

Allenby Capital

Chris Crawford/Kelly Gardiner                 

www.allenbycapital.com                                                 Tel: [phone]

FTI Consulting                                                

Oliver Winters                                                                Tel:  [phone]

 

END

 

 

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