SECOS Secures Significant Supply Contract

Download the PDF ASX RELEASE 10 August 2020 SECOS Secures Significant Supply Contract Highlights: SECOS secures a significant strategic supply contract with leading United States pet supply company, JC USA Inc a wholly owned subsidiary of Jewett-Cameron Trading Company Limited (NASDAQ Code: JCTCF “Jewett-Cameron”). The contract is for the supply of compostable pet waste bags…

SECOS wins new council business

Download the PDF ASX RELEASE 22 May 2020 SECOS wins City Council business & quotes on significant new tender volumes Highlights: Substantial volume of tenders issued by Councils in response to recycle crisis and waste management imperatives, with a tender value exceeding $2 million. SECOS has won City of Melville and had an extension to…

SECOS Expects Improved First Half Result

Highlights: Improved result expected for Half Year New City Council business awarded Changes in environmental awareness and renewables legislation continue to drive sales and increased customer engagement Sustainable and eco-friendly bioplastics developer SECOS Group Limited (ASX: SES, “SECOS” or “the Company”) is pleased to provide trading update. Based on unaudited accounts and subject to completion…

CEO Appointment and Corporate Costs Reduction

Highlights:

  • SECOS appoints international polymer executive and change manager, Ian Stacey, as CEO
  • Corporate costs review achieves $0.8 million in fixed overhead savings
  • New structure enhances support for business units and SECOS’ key customers • Business progress on track for stronger second half resulting from the completion of first half restructuring initiatives

SECOS completes strategic review, resolves to cease its Australian film manufacturing operations

Highlights:

  • Following completion of its strategic review into its wholly owned subsidiary Stellar Films Australia (SFA), SECOS will commence the orderly cessation of its Australian film manufacturing operations.
  • The Company expects to achieve significant operating and overhead cost savings through transferring SFA customers to its Malaysian operations. Once this transition period has passed, SECOS expects to achieve an improvement to net profit after tax of more than $0.9 million per annum.