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01 July 2008

Preliminary Results for the year ended 31 December 2007

Environmental Recycling Technologies plc ("ERT" or "the Company") (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 preliminary results for the year ended 31 December 2007.

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The Full Results are available to view and 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 licensing
  • Expected revenues of at least £1.0m from license fees
  • Increasing interest in applications for the technology
  • Major interest in Eco Sheet
  • Turnover £243,000 (2006: £ 319,000)
  • Operating loss £4.74 million (2006: loss £2.62 million)
  • Loss attributable to equity shareholders £5.69 million (2006: loss £8.49 million)

 

For further information:

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

01 July 2008

 


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