Optimistic! Though I do note the use of the words "will, in time,"!

Interim Management Statement

Stanelco plc, which is holding its 2009 Annual General Meeting at 10.30am today, issues its interim management statement for the period from 1 January 2009 to 23 April 2009, as required by the UK Listing Authority's Disclosure and Transparency Rules.

The 2009 financial year has started well and trading during the first quarter to 31 March 2009 was in line with the Board's expectations.

In the quarter the Group achieved double digit revenue growth in sales of bioplastics made directly by the Company. The Group also achieved double digit growth in its RF Applications division as we continued to broaden our RF product offering.

A slightly slower start to the year led to third party sales from our joint venture, Biotec, being 2% down in the quarter compared with the same period last year. However by the end of the quarter sales had returned to previous levels and are now showing an upward trend.

Overall, Group revenues increased in the quarter to 3.5m (Q1 2008: 3.4m).

We continue to work closely with our customer base in the BioPlastics division, carefully developing products that will meet their specific requirements and will, in time, be suitable for volume commercialisation. The wide experience of the technical team we have put in place and the close support of the pilot facility in Southampton are proving invaluable in this respect.

In the RF Applications division, where our main focus has been on widening our product range, we have received a number of orders in the quarter for products introduced last year for the induction heating market and continue to see significant interest in our range of furnaces, particularly from customers in the Far East.

The Board's focus for this year continues to be on cash control and generating profitability from our operations. At 31 March 2009 we had cash of 5.5m and we continue to consider sensible investment opportunities to accelerate our growth.

Edited Update,

(I have short attention deficit)

Q1 turnover up at Stanelco
MoneyAM
Stanelco increased its first-quarter turnover to 3.5m from 3.4 in Q1 2008.

The industrial engineering group says the 2009 financial year has started well with trading during the first quarter in line with its expectations.

It achieved double-digit revenue growth in sales of bioplastics made directly by the company and also achieved double-digit growth in its RF Applications division.

'A slightly slower start to the year led to third-party sales from our joint venture, Biotec, being 2% down in the quarter compared with the same period last year. However by the end of the quarter sales had returned to previous levels and are now showing an upward trend.'

Cash at March 31 totalled 5.5m and the company said it continued 'to consider sensible investment opportunities to accelerate our growth'.

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i see thatb all SEO can talk about is turnover and revenue ..... excuse me, but what happened to the all important profit (hahaha!) and LOSS?

They will get there in the end you ( old ) cynic.

Question is will they get there before my end!

blanche - are you saying the company will die before i do? ...... if so, i concur - lol!

SEO have 'grown' a liking for trees these days it would seem.
www.thesustainabilitreeshow.co.uk/

SEO used to be a green shoot, slowly growing into a small tree; it's gone back to acorn stage by the looks of things. Pass the watering can please!

Not great results and there is a real problem in that the cash pile has halfed which is why it has been hammered this am. Can you do a placing at 0.0001p??

still think they have something up their sleeve that could transform the company...revenue could double if just one big player gets signed up...then rest will follow

Have to wait for Dil to knock this:-

Stanelco sales up 12% for first nine months
Business Financial Newswire
Stanelco reports revenue grew strongly during the nine months to 30 September and overall trading was in line with management expectations.

The engineering group's sales to 30 September were up 12% at 13.4m. It says it continues to be confident in the outlook for the full year.

The group saw a 29% increase in direct bioplastic sales, a 30% increase in the Radio Frequency Applications division and an 8% increase in third-party sales from the Biotec joint venture.

Stanelco's cash position was 3.7m, strengthened since the half-year by working capital improvements including a reduction in stock levels following the summer production holiday.

Bioplastics has added more than 40 new customers in 2009 and widened the set of end-use applications by a further 17.

The RF Applications order pipeline continues to strengthen with a particular emphasis on India and China. A new sales consultant has been appointed for the Indian market.

Rebranded its bioplastics business today as Biome Bioplastics ltd

Let us hope the content is true.

Stanelco rebrands bioplastics division
Business Financial Newswire
Stanelco has rebranded its bioplastics business as Biome Bioplastics.

The division makes and sells plastics from renewable resources that biodegrade. Biome is a scientific term used to describe ecosystems.

CEO Paul Mines said, 'Stanelco's bioplastics business has continued to achieve high levels of growth through the last two years, so it is appropriate at this time that it becomes described by a name that reflects its activities so well.'

Recently the division has supplied materials for use in packaging, waste disposal, paper products, personal care, horticulture and electronics.