Symphony Env. Share News (SYM)

(Sharecast News) - Symphony Environmental has seen revenues and gross profits grow over the six months ending on 30 June.Revenues increased 11% to £4.1m and gross profit improved 6% to £2m during the half, boosted by maiden revenues of £500,000 from the group's anti-microbial technologies unit.Symphony revealed that revenues from its d2w oxo-biodegradable technologies were stable at £3.6m.However, operating profits crashed, falling from £109,000 to £18,000 following Symphony's decision to increase communication and marketing costs, of which an additional £171,000 was incurred during the period.Earnings per share fell to 0.01p from the 0.06p recorded a year earlier.Nirj Deva, Symphony's chairman, said: "Your board believe we are in a pivotal period with growing demand for our technologies. We expect to deliver record volumes for both our d2w and d2p technologies in 2018 and look forward with confidence."As of 1030 BST, Symphony shares had inched ahead 0.39% to 12.80p.