Nov 26, 2012. /Lesprom Network/. Accsys Technologies' revenue increased by 47% to Euro 9.1 million for the six months ended 30 September 2012 (2011: Euro 6.2 million), as the company said in the press release received by Lesprom Network. Revenue from Accoya® (included within manufacturing revenue) increased by 40% to Euro 7.7 million, reflecting growth achieved in 11 out of 15 of the top geographies. Euro 553,000 of licence income was recorded in the period (2011: Euro 75,000) representing a licence option payment and revenue generated in the period from the licence with Rhodia. Gross margin increased from -7% to 20.5% compared to the same period in the previous year. This was driven by the additional licence income and a significant improvement in the gross manufacturing margin which increased by 24% from minus 9% to a positive 15%. This margin is expected to improve further as our production volumes increase. Other operating costs increased from Euro 5.9 million to Euro 7.2 million. The increase is partly attributable to the relative weakening of the Euro compared to the prior year which has impacted the costs incurred by the Windsor and Dallas offices. In addition, the increase is also attributable to non recurring items including legal and intellectual property costs incurred in relation to the agreements described above. Furthermore, an increase in sales and marketing costs in the period was attributable to the earlier timing of certain exhibitions as well as a general increase in activity, including support of both new and existing distributors. The decrease in the loss before tax by 14% to Euro 5.4 million (2011: Euro 6.3 million) can largely be attributed to the improvement in revenue and gross margin. Gross manufacturing margin increased by 24% to a positive 15% and the Arnhem manufacturing EBITDA margin improved from -36% to -6%. Paul Clegg, Chief Executive commented: “We have had a strategically significant past six months, establishing the INEOS joint venture as a catalyst to developing and exploiting the Tricoya® technology, whilst continuing to build on our global market position in Accoya® in terms of revenue increases, a greater distribution network and progression with the Rhodia licence agreement. Most importantly, we have achieved these milestones whilst increasing revenues and margins within our core Arnhem manufacturing base, maintaining a strong balance sheet and winning industry awards endorsing the quality of our products. We enter the second half of the year with confidence that we have the building blocks in place to achieve our long term objectives of profitability and increased revenues from our technology licensing business model.” Accsys Technologies PLC is an environmental science and technology company whose primary focus is on the production of Accoya® wood and technology licensing via its subsidiary, Titan Wood Limited, which has manufacturing operations in Arnhem, the Netherlands (through its subsidiary Titan Wood B.V.), a European office in Windsor, United Kingdom, and an American office in Dallas, Texas (via its subsidiary Titan Wood, Inc).