What's the story here? I like the sound of the products - biodegradable packaging aimed at food sellers and other retailers must be a growth area. This is clearly evidenced by the 120% growth in sales revenue (to £12.2m) in the first 9 months of the year, compared with the same period last year. Sales of bioplastics, made directly by Stanelco, are up 450%.
It's opening an office in the US aimed at promoting its range of bioplastics, largely derived from corn or potato starches rather than petrochemicals
http://packagingnews.co.uk/business/news/860894/Stanelco-sales-increase-120/
But why isn't it making any money??? "The Group’s net loss reduced to £1.0m from £3.7m in the same period last year whilst the Group made a loss from operations of £1.6m compared with a loss of £3.7m for the six months to 30 June 2007 and £1.9m for the six months to 31 December 2007 (the same period last year included £2.0m of exceptional items)".
