Solid State gets a boost from trading update

AIM-listed computer products manufacturer Solid State (LON:SOLI) has announced that profits for the year ended 31st March will be slightly ahead of the recently upgraded consensus market forecasts, with revenues up by around 10% on an organic basis.

The board said that margins had been improving in the manufacturing division while the value added arm had been performing strongly since the acquisition of Pacer. Cash generation has outpaced expectations, in part due to the timing of payments but also because of underlying improvements.

The price of Solid State shares was up by 6.43% at 494.90p (as of 13:30 BST).