News blog
Symphony Environmental Technologies
- BY: Andrew Hore |
- POSTED: 18/03/2018 |
Symphony Environmental Technologies increased it 2017 revenues by more than one-fifth and more than tripled profit.
Revenues improved from £6.8m to £8.27m, helped by the strong dollar, while pre-tax profit jumped from £123,000 to £430,000.
The majority of revenues come from the d2w oxo-biodegradable plastic technology. Sales are international with the Middle East particularly interested due to legislation.
There are d2p projects relating to anti-microbial, insecticide, flame retardants and corrosion inhibitors amongst other things. These should generate longer-term revenues.
More than £1m was generated from operations. Net cash was £629,000 at the end of 2017.
The share price has reached 18.75p, which is the highest that it has been for more than three years.
© 2025 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|