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