Last checked at 24 Jan 2014 07:00
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).
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For further information please contact:
Biome Technologies plc
Paul Mines, Chief Executive Officer
www.biometechnologiesplc.com Tel: +44 (0) 2380 867 100
Daniel Stewart & Company plc
David Hart
www.danielstewart.co.uk Tel: +44 (0) 20 7776 6550
Allenby Capital
Chris Crawford/Kelly Gardiner
www.allenbycapital.com Tel: +44 (0) 20 3328 5656
FTI Consulting
Oliver Winters Tel: +44 (0) 20 7831 3113