StockMarketWire.com - Solid State has improved its FY pretax profit to £3.01m, up 40% from £2.15m. Turnover was £36.56m, from £32.09m. Dividend was 12p a share, from 8.5p.

Chairman Tony Frere said:

"This is another very pleasing set of results for a year that represents a real step change in the business.

"Solid State has made a pleasing start to the new financial year with our order book remaining strong and a backlog of £19.38m as at 31 May 2015 (31 May 2014: £15.11m).

"Over the last 13 years we have successfully acquired and integrated eight businesses. We continue to see potential acquisition opportunities, with a number of them being as a direct result of the improving economic climate.

"We will pursue this acquisitive growth strategy while at the same time seeking to enhance organic growth through developing our export prospects and other product innovation initiatives."





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