Biome Technologies PLC (AIM:BIOM) rose 7% on a solid trading update highlighting the progress being made by its bioplastics division, which offset a drop in its thermal bonding arm.
Bioplastics sales were up 36% in the year just ended at £6 million, driven by North America and "home compostables", or products that fully decompose in the soil.
The company noted the success of its bioplastic polymer grades suitable for making plastic film materials for the growing home compostables market. Biome said it is spending to extend the range of home compostables it sells.
The RF Technologies (thermal heating and bonding) division saw sales halve during the year to £0.9 million as several contracts were pushed into 2024.
These contracts should be completed in the "relatively short-term", it said.
Shares added 7.5p to 102p.