StockMarketWire.com - Symphony Environmental narrowed its first-half pretax loss to £0.2 million, from a loss of £0.7 million. Revenue totalled £3.6 million, from £2.1 million.

The company said sales activity improved in its established markets and stock levels within these markets were now kept to lower but more efficient operating levels.

Legislative changes in Pakistan and elsewhere were expected to generate further material improvements to d2w revenues in the months ahead. A total of 16 countries had now legislated to some extent in favour of oxo-biodegradable technology; most of them within the last 18 months.

"With the continuing forward momentum in legislation for d2w type products and the new developments with d2p, we expect to make significant progress going forward," said CEO Michael Laurier.

"Our continued and sustained investment in the development of products and markets is starting to pay off, and we hope to add more products to the portfolio in the future," he said.






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