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Biome Technologies Faces H1 Revenue Dip, Eyes Future Growth
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Biome Technologies Faces H1 Revenue Dip, Eyes Future Growth

Biome Technologies (GB:BIOM) has released an update.

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Biome Technologies PLC reports a decrease in H1 2024 revenues to £2.3m, attributed to customer production and regulatory challenges, particularly within its Bioplastics division. Despite the setbacks, Biome anticipates a stronger H2 with growth in home compostable materials and recent RF technology contracts. The Board remains focused on improving operational performance and commercialising novel technologies to ensure future growth.

For further insights into GB:BIOM stock, check out TipRanks’ Stock Analysis page.

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