Symphony Environmental is the world’s largest producer of OXO biodegradable plastics.
| 2020 | 2019 | ||
| d2w Masterbatch | £7.27 million | £7.14 million | 2% increase |
| d2p Masterbatch | £0.47 million | £0.25 million | 88% increase |
| Finished Products | £1.80 million | £0.60 million | 200% increase |
| Other | £0.23 million | £0.23 million |
- Gross profit £4.11 million (2019: £3.78 million)
- Reported loss before tax £0.44 million (2019: £0.70 million)
- Basic loss per share 0.19p (2019: 0.41p)
- Cash used in operations £1.44 million (2019: £0.73 million)
- Net current assets £3.63 million (2019: £2.85 million)
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Symphony Environmental report a 19% increase in Group revenue for the year
Remarks
Some people claim that the OXO biodegradable industry is a billion $ per year industry.
Yeah, right!