Business
Pre Close Statement
Pre Close Statement.
About this update from Symphony Environmental Technologies Plc
[{"type":"text","content":"\n RNS Number : 2889V Symphony Environmental Tech. PLC 08 July 2009 \n \n\n\n\n\n\n\n\n\n\n8 July 2009\n\n\n\n\n\nSYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC\n('Symphony' 'Company' or 'the Group')\n\nPre-close statement\n\n\nSymphony Environmental Technologies plc, the degradable plastics and waste-to-energy company, is pleased to announce that the Company's results for the six month period to 30 June 2009 have finished ahead of management expectations.\n\nRevenue for the period was £3.65 million versus £2.30 million for the first half of 2008, an increase of 59%. Gross profit margins were 53% versus 42% for the prior year, resulting in a gross profit of £1.93 million in comparison with £0.98 million for the first half of 2008.\n\nThe level of interest bearing debt has also reduced by more than £0.40 million since the start of the year.\n\nThe number of distributors has increased to 48, representing 76 countries. Within the last month Symphony held its third annual distributor conference. For the three day event there were 60 attendees representing 38 of our distributors.\n\nInterim results for the first half of 2009 will be announced on Thursday 10 September 2009.\n\n\nFor further information, please contact:\n\n\n\n\n\n\nSymphony\n\n\n\n\n\n\n\nMichael Laurier, CEO\n\n\nTel: 020 8207 5900\n\n\n\n\nIan Bristow, FD\n\n\n\n\n\n\n\n\nHB Corporate\n\n\n\n\n\n\n\nRod Venables / James Reeve\n\n\nTel: 020 7510 8600\n\n\n\n\n\n\n\n\n\n\n\n\nThreadneedle Communications\n\n\n\n\n\n\n\nGraham Herring / Alex White \n\n\nTel: 020 7653 9850\n\n\n\n\n\n\nFurther information on Symphony Group of Companies:\n\nSYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC is a world leader in oxo-biodegradable eco-compatible plastic technology. The technology is recognised by the d2w® droplet logo on many thousands of tonnes of plastic products. \n\nSymphony has a diverse and growing customer base and has established itself successfully as an international business. Products made with d2w® plastic technology can be found in more than 70 countries around the world and in many different product applications. Symphony is a member of the Oxo-biodegradable Plastics Association (www.biodeg.org), the Society for t...