News blog

Symphony Environmental Technologies

  • BY: Andrew Hore |
  • POSTED: 10/09/2009 |

Symphony Environmental Technologies made its maiden interim profit in the six months to June 2009.

Shares in the degradable plastics group were unchanged at 12p each, which values Symphony at 13.9m. The share price has risen by 433% over the past six months.

Revenues increased by 60% to 3.69m in the first half of 2009. This enabled Symphony to move into profit at the interim stage. A 167,000 loss in the first half of 2008 was turned into a 402,000 profit in the first half of 2009. Symphony generated nearly 500,000 of cash in the period. Net debt was 643,000at the end of June 2009.

The d2w technology is also being used for metalised snack food films. Symphony launched its new d2p antimicrobial technology after the end of the half year.

Hoodless Brennan is likely to increase its full year profit forecast to around 1m. The shares are trading on around 13 times prospective 2009 earnings. 

© 2018 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Symphony Environmental Technologies

Symphony Environmental Technologies increased it 2017 revenues by more than one-fifth and more than tripled profit. 

Continue reading... | 18/03/2018


SerVision says it is likely to offload its subsidiaries and become a shell.

Continue reading... | 18/03/2018

Quoted Micro 12 March 2018

Continue reading... | 18/03/2018


Continue reading... | 18/03/2018

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds