M&A, Corporate and Financial News

Will Floreon Overtake Biome Technologies?

Biome Technologies PLC said it expects a jump in its annual revenue and a significant drop in revenue for its Bioplastics division.

Biome Technologies shares were trading down 24% at 520.00 pence each on Thursday morning.

Revenue in the Bioplastics division is expected to have fallen 17% year-on-year to GBP1.9 million from GBP2.3 million due to “significantly lower sales of outer packaging” for the US single serve coffee market.

CLOSING REMARKS

  • Will Biome Technologies loose its UK leadership position to Floreon?
  • Will Floreon become the next bioplastic leader in the UK?

REFS