StockMarketWire.com - Solid State has more than doubled its H1 pretax profit to £1.6m, from a profit of £0.6m. Turnover was £17.13m, from £12.29m. Its interim dividend was 4p a share, from 2.75p.

Chairman Tony Frere commented:

"These results represent both an excellent performance and a valuable underpin to the Board's confidence in future prospects. Both divisions continue to generate strong organic growth rates.

"Steatite and Solid State Supplies have both made acquisitions within the last 12 months, highlighting the benefits of acquisitive growth.

"Our ambition for the Group intensifies as we benefit from new tender opportunities and the benefits of scale from the success of our growth strategy.

"I can report ongoing dialogue with potential acquisition targets, productive conversations with new product manufacturers, and encouraging new client and cross selling initiatives."






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