Fertiliser firm announces loss

Compost fertiliser maker Bioganix has unveiled its first set of results since its flotation on the Alternative Investment Market in April last year.

Turnover grew more than 100% to £1.6m, but left an operating loss of £63,000.

Managing director Nick Helme said this was in line with expectations for its first year on AIM.

Bioganix had also raised more than £2.2m by issuing extra shares to part-fund its new 48,000t facility at Sharpness, near Gloucester, for which it had received planning approval.