RE: Hmmm26 May 2020 23:18
Suspect this was the case , oh well if it drops to 11p will rebuy good product but another 2 years before real profits
Symphony Environmental Technologies Plc (AIM: SYM), a global specialist in technologies to improve the properties of plastic and some non-plastic products by making them biodegradable and/or providing protection against threats to health and safety, announces its preliminary results for the year ended 31 December 2019.
Financial highlights:
· Group revenues £8.23 million (2018: £8.80 million)
· Gross profit £3.78 million (2018: £4.13 million)
· Reported loss before tax £0.70 million (2018: profit £0.04 million)
· Basic loss per share 0.41p (2018: earnings per share 0.03p)
· Cash used in operations £0.73 million (2018: £1.01 million)
· Net current assets £2.85 million (2018: £1.71 million)
Business highlights:
· Subscription completed for new shares raising £1.9 million (net)
· Grupo Bimbo, the world's largest bakery, announces expansion of its biodegradable packaging programme, and new packaging showing Symphony's d2w brand
· New and first significant order for d2w agricultural grade
· Major launch of d2p "Protector" products in Bahrain
· Awarded London Stock Exchange Green Economy Classification & Mark