StockMarketWire.com - Solid State has warned it expects full -year revenues and profits to be below market forecasts.

The AIM listed supplier of specialist industrial/ruggedised computers, electronic components, secure communications systems and battery power solutions to the electronics market, says it has made a satisfactory start to the year despite some softening in its markets as widely reported by industry peers.

It expects results for the six months to 30 September to show turnover and profits before tax of approximately £21m (2014: £17.13m) and approximately £1.50m (2014: £1.55m) respectively.

But it says that following a customer meeting on 27 October, delivery expectations for a material contract have been varied which will impact the second half of the year.

The contract is high profile and a high priority for the customer and Solid State is confident that it is fulfilling its obligations to the customer.

A statement says: "The board continues to expect a second half weighting in the underlying business however, due to the contract variations and general market softening, it now anticipates that revenues and profits in the second half will be significantly lower than expected and, as a result, revenues and profits for the year as a whole will be below market expectations."



At 1:30pm: [LON:SOLI] Solid State Plc Ord 5p share price was -127.5p at 597.5p



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