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31/08/20
15:38
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SECOS (ASX:SES) sees growth in eco-friendly products for FY20
- Bioplastics developer SECOS Group (SES) saw double-digit growth with its compostable resins, films and bags in the 2020 financial year (FY20)
- Sales in the compostable biopolymer range were 20 per cent higher than last year
- For the year, the company had revenue of just over $21 million, which is a 0.9 per cent change
- Loss after income tax for the year was just over $1.1 million, which is an improvement from 2019's $4.1 million
- SECOS is committed to the Australian Council initiatives to divert food waste from landfill to organic waste stations
- The company is also committed to replacing single-use plastics with more sustainable compostable solutions in the consumer and food packaging industry
- On the market today, SECOS is up 13.8 per cent and is trading for 16.5 cents per share
Read the full article on The Market Herald here: https://themarketherald.com.au/secos-asxses-sees-growth-in-eco-friendly-products-for-fy20-2020-08-31/