Biome Technologies soars on strong Q3 revenue

Biome Technologies

10/11/2022 16:06

** Shares of bioplastics maker Biome Technologies  BIOM.L 
surges 61% at 81.3p 
    ** Qtrly group rev in line with management expectations at
1.9 mln pounds ($2.2 mln), up 77%  urn:newsml:reuters.com:*:nTUC4PCV0R 
    ** Says market continues to demand highly functional
bioplastic materials 
    ** BIOM set to post best day since January 2000, if gains
hold 
    ** "Whilst the expected growth rate in the Bioplastics
division has not taken place in 2022, there are encouraging
signs from the uptick in demand from the large opportunity we
have been pursuing for some time" - co 
    ** Including session gains, stock has plunged ~74% YTD 
($1 = 0.8565 pounds)
 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226;))