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
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)".