Symphony reports consistent trading as it works to accelerate projects

28th Jun 2024 12:31

(Sharecast News) - Symphony Environmental Technologies said in an update on Friday that its trading remained consistent with recent statements.

The AIM-traded firm, which was holding its annual general meeting, said it was actively working on accelerating the commercialisation of several projects, while continuing to refine costs.

"I would like to re-emphasise that many of these opportunities are significant and with continuing positive conversations, trials and other factors, the board have confidence that these will be converted in the short to medium term," said chairman Nicolas Clavel.

"The 2024 outlook, and beyond, is showing a positive commercial position for the group and pleasingly is across all of our main d2w and d2p technology offerings.

"In summary therefore, having recently raised equity to strengthen the balance sheet and with positive progress being made with our host of pipeline projects, the board looks to the future with optimism."

At 1140 BST, shares in Symphony Environmental Technologies were up 8.49% at 2.88p.

Reporting by Josh White for Sharecast.com.