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17 September 2008

Interim Results for the six months ended 30 June 2008

Environmental Recycling Technologies plc (“ERT”, “the Company” or the “Group”) (AIM: ENRT), which has developed and is exploiting the patented rights to the Powder Impression Moulding (“PIM”) process capable of converting mixed waste plastics into commercially viable products, announces its unaudited interim results for the six months ended 30 June 2008.

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The full results are available to download in PDF Format

Highlights

  • The Company is now operating under an out-licensing business model
         - Consequent significant reduction in overhead and costs
  • The Company continues to sign additional licenses
         - Expected revenues of at least £1.0m from license fees
  • Increasing interest in applications for the Company’s PIM process technology
         - Major interest in Eco Sheet
  • Turnover £179,000 (H1 2007: £ 25,000);
  • Operating loss £1.80 million (H1 2007: loss £1.35 million);
  • Loss attributable to equity shareholders £2.00 million (H1 2007: loss £1.91 million)

 

For further information:

Environmental Recycling Technologies Plc  
Ken Brooks (Chairman) 01993 779 468
David Shepley-Cuthbert (Finance Director)  
   
Evolution  
Tim Worilledge 0207 071 4300

Bobbie Hilliam

 

17 September 2008

 


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