Symphony Environmental Technologies (GB:SYM) has released an update.
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Symphony Environmental Technologies PLC reports a significant improvement in financial performance for H1-2024, with a 50% reduction in operating losses to £0.4 million and an increase in gross profit to £1.6 million due to stronger d2w market performance and cost reduction strategies. The company has also successfully raised £1.3 million in equity and extended a £1.5 million convertible loan note, indicating a positive outlook for H2-2024 driven by regulatory changes favoring its d2w technology and commercial advancements in its d2p bread technology.
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