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October 04, 2015 2:20 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Biofutures International Plc

Company Overview

As of March 26, 2013, Biofutures International Plc was acquired by Graphene NanoChem plc, in a reverse merger transaction. Biofutures International PLC, through its subsidiary, Zurex Corporation Sdn. Bhd, engages in the refining of palm oil in Lahad Datu, Sabah, Malaysia. The company was incorporated in 2006 and is based in London, the United Kingdom.

Academy House

London Road



London,  GU15 3HL

United Kingdom

Founded in 2006

23 Employees


44 20 7776 6550


44 20 7796 4648

Key Executives for Biofutures International Plc

Biofutures International Plc does not have any Key Executives recorded.

Biofutures International Plc Key Developments

Biofutures International plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014; Provides Earnings Guidance for the Fiscal 2014

Biofutures International Plc announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported revenue of GBP 20,441,000 against GBP 10,062,000 a year ago. Loss before tax was GBP 3,533,000 against GBP 5,364,000 a year ago. Loss for theperiod attributable to the owners of the parent was GBP 3,485,000 or 2.99 pence per basic and diluted share against GBP 5,364,000 or 8.19 pence per basic and diluted share a year ago. Net cash used in operating activities was GBP 7,104,000 against GBP 10,846,000 a year ago. Purchase of intangible assets was GBP 1,407,000 against GBP 1,245,000 a year ago. Purchase of property, plant and equipment was GBP 2,442,000 against GBP 465,000 a year ago. The company now believes that these delays will result in revenue previously forecast to fall into the fiscal 2014 being recognised in the fiscal 2015, as a result management now anticipates making a loss for the year to December 31, 2014. The company still remains optimistic for 2015 and beyond, however the latest delays mean that results to December 31, 2014 are now likely to be significantly below current market expectations.

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