Biome Technologies eyes Bioplastics volatility

Technology group Biome Technologies says the early part of 2017 will reflect the unpredictability and volatility related to its Bioplastics product suite being in early-stages commercialisation.

Nevertheless, the company said directors believed the group's 12-month revenues would be marginally ahead of those achieved in the prior year.

In the six months to 30 June, Biome posted a narrower pre-tax loss of £0.4m, from a loss of £0.6m. Revenue totalled £2.2m, from £2.1m.

"The prospects for the suite of bio-materials for the coffee market developed by the Biome Bioplastics division is encouraging as products move into commercialisation albeit exact timing of large scale deployment rests on extensive final testing," the company said.

"The RF Division continues to deliver a strong underlying performance."