Biome Technologies (GB:BIOM) has released an update.
Biome Technologies PLC experienced a 44% decrease in group revenues in Q1 2024 compared to Q1 2023, with the Bioplastics Division underperforming due to extended transit times and customer production issues. Although the RF Technologies Division also saw a decline in revenue, it secured significant contracts expected to boost 2024 earnings. Despite the slow start, the company remains optimistic about meeting its full-year expectations, thanks to recent contract wins and business developments.
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