StockMarketWire.com - Symphony Environmental Technologies has issued its preliminary results for the year ended 31 December 2014.

Highlights:

· Revenues decreased 12% to £6.35 million (2013: £7.19 million)

· Gross profit decreased 11% to £3.16 million (2013: £3.55 million)

· Operating loss reduced by 63% to £0.27 million (2013: loss £0.73 million, including £0.57 million non-recurring expenditure)

· Loss after tax reduced by 56% to £0.31 million (2013: loss £0.71 million)

· R&D costs included in loss, £0.41 million (2013: £0.55 million)

· Plastics Sales and R&D division EBITDA profit £0.08 million (2013: profit £0.22 million)

· Recycling Technologies division EBITDA loss £0.20 million (2013: loss £0.81 million)

· Basic loss per share reduced by 58% to 0.23p (2013: loss per share 0.55p)

· Cash used in operations reduced by 88% to £0.10 million (2013: £0.81 million)



At 9:44am: [LON:SYM] Symphony Environmental Technologies PLC share price was -2.25p at 8.38p



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