By Peter Roberts
The Australian group commercialising boron nitride nanotubes (BNNTs) across a range of industries, PPK Group has reported progress across its investments and an uplift in the value of its intellectual property.
The group, which manufactures BNNTs and supplies partly owned businesses developing body armour, dental implants, advanced batteries and alloys among others, reported an $11.6 million gain from a re-measurement of the value of its interest in subsidiary BNNT Ltd (NMMTL) which manufactures BNNTs in Geelong, Victoria.
The group’s total assets rose by $56.7 million in the first half FY22 to $153.3 million according to a half-year report to shareholders.
PPK Group achieved a net profit after tax of $5.6 million, an improvement of the previous corresponding period’s loss of $2.0 million, after spending $5.7 million on technology across its three subsidiaries.
Highlights of PPK Group’s half included:
BNNTL is automating its production processes and negotiating a lease to house two new furnace modules that produce BNNTs
Picture: PPK Group
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