As flagged in the pre-close trading statement, Solid State’s H118 revenue rose 12% y-o-y to £22.5m, though margins declined because of a change in mix, resulting in a 20% PBT dip to £1.6m. The order book at end October 2017 was £20.1m, ie 38% up on the prior year. This is a clear signal that management is able to deliver organic growth as well as building the group through acquisitions.

23 Nov 2017
Interims signal good start to FY18

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Interims signal good start to FY18
Solid State plc (SOLI:LON) | 205 0 0.0% | Mkt Cap: 116.2m
- Published:
23 Nov 2017 -
Author:
Anne Margaret Crow -
Pages:
2 -
As flagged in the pre-close trading statement, Solid State’s H118 revenue rose 12% y-o-y to £22.5m, though margins declined because of a change in mix, resulting in a 20% PBT dip to £1.6m. The order book at end October 2017 was £20.1m, ie 38% up on the prior year. This is a clear signal that management is able to deliver organic growth as well as building the group through acquisitions.