StockMarketWire.com - Biodegradable plastics group Symphony Environmental Technologies warned that it would post an operating loss for the full year after its revenue failed to meet its expectations.

The company said revenue in the second half of 2019 was now expected to be not less than £4.1m, broadly similar to the first half.

'Accordingly, revenues for the full year 2019 will be below market expectations resulting in an operating loss of approximately £0.5m,' it said.

Symphony Environmental Technologies had already warned in September that sales were being hurt due customers making inventory adjustments as a result of legislative clarification in certain markets.

'These factors persisted throughout the second half, as both business drivers, legislation and enforcement activities regarding the manufacture of plastics, remain in a fluid period of change,' the company said.




Story provided by StockMarketWire.com