28th Jun 2024 10:59
Symphony Environmental Technologies PLC - Hertfordshire-based biodegradable plastic technology developer - Says that trading in the year-to-date continues in line with recent statements, and that the company's focus remains on accelerating the commercialisation of several projects while still refining costs. Chair Nicolas Clavel emphasises that "many of these opportunities are significant". He adds that "with continuing positive conversations, trials and other factors, the board have confidence that these will be converted in the short to medium term".
Accordingly, Symphony's outlook for this year and beyond shows a "positive commercial position" for the group, across all of its main offerings. Having recently raised equity, and with "positive progress" being made with pipeline projects, the board "look to the future with optimism".
Current stock price: 2.55 pence, down 3.8% in London on Friday morning
12-month change: down 62%
By Holly Beveridge, Alliance News senior reporter
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