Biome Technologies (BIOM)

Sector:

Engineering

Index:

FTSE AIM All-Share

 270.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 450.00
  • 52 Week Low: 260.00
  • Currency: UK Pounds
  • Shares Issued: 2.80m
  • Volume: 0
  • Market Cap: £7.56m

Biome makes 'small' profit as revenues improve on Q4

By Iain Gilbert

Date: Wednesday 24 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Technology group Biome saw revenues improve quarter-on-quarter, helping it carve out a small pre-tax profit.
In the three months ended 31 March, Biome recorded revenues of £2.1m, putting it 11% ahead of the previous quarter and flat year-on-year.

Bioplastics revenues rose 50% to £600,000 as increased sales of outer packaging for the US single serve coffee market and initial sales of a novel material for a single serve pod boosted numbers.

First quarter revenues for Biome's Stanelco RF division were flat quarter-on-quarter at £1.5m.

Given the RF unit's current order book and general market outlook, Biome believes that revenues will be in line with previous guidance but more likely to be closer to those of 2017 than 2018, which it said was "an exceptional year".

Biome also revealed it had been successful in making a "small profit before interest, tax, depreciation, amortisation and share option charges", based on unaudited management accounts.

The AIM-listed outfit saw its cash position decrease 19.2% to £2.1m.

Looking forward, Biome told investors 2019 had kicked off in an encouraging manner, particularly for its bioplastics division.

As of 1000 BST, Biome shares had shot up 11.02% to 393p.

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BIOM Market Data

Currency UK Pounds
Share Price 270.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 450.00
52 Week Low 260.00
Volume 0
Shares Issued 2.80m
Market Cap £7.56m

BIOM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.58% below the market average40.58% below the market average40.58% below the market average40.58% below the market average40.58% below the market average
48.57% below the sector average48.57% below the sector average48.57% below the sector average48.57% below the sector average48.57% below the sector average
Price Trend
66.58% below the market average66.58% below the market average66.58% below the market average66.58% below the market average66.58% below the market average
55% below the sector average55% below the sector average55% below the sector average55% below the sector average55% below the sector average
Income Not Available
Growth
42.86% above the market average42.86% above the market average42.86% above the market average42.86% above the market average42.86% above the market average
51.35% above the sector average51.35% above the sector average51.35% above the sector average51.35% above the sector average51.35% above the sector average

BIOM Dividends

No dividends found

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

BIOM Key Personnel

CEO Paul Mines

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