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AIM-listed computing products manufacturer and distributor Solid State (LON:SOLI) has said that results for the year ending 31st March will comfortably exceed market expectations. The strong demand seen in the firm’s distribution business during the first half has continued into the second half of the year.
Chief executive Gary Marsh commented: “We are delighted with the Group’s strategic progress, delivering significant organic revenue growth within the Value Added Distribution division and increasing the proportion of higher value added projects within the Manufacturing division, which together are driving the improvement in profitability.
“The integration of the Pacer acquisition is progressing well. In addition to current year trading, the order book now gives us confidence in an improved outlook for our financial year ending 31 March 2020“.
Solid State shares rose by 13.70% to 415p (as of 12:30 GMT).