| |
| Please Note - Streaming News is only available to subscribers to the Active Level and above |
|
|
|
Symphony Environmental to post operating loss despite 19% revenue rise
StockMarketWire.com
|
Biodegradable plastics group Symphony Environmental Technologies said it expected to report a full-year operating loss, as higher revenue was offset by rising costs.
Operating losses for the year through December were expected to amount to £0.4 million, compared to losses of £0.6 million year-on-year.
Revenue was seen rising 19% to £9.8 million.
Symphony Environmental said further revenue of £0.7 million could not be recognised during the year, as a shipment missed a year end cut-off due to Far East shipment congestion.
At 9:36am: (LON:SYM) Symphony Environmental Technologies PLC share price was 0p at 22p
Story provided by StockMarketWire.com
|
|
|
|
|
|
