StockMarketWire.com - Solid State booked a fall in first-half profits after margins contracted.

Adjusted pre-tax profit fell 20% to £1.6m, despite revenue rising 12%.

The company held its interim dividend steady at 4p per share.

Growth in the open order book of 38% at the end of October underpinned confidence in the company's outlook, chairman Tony Frere said.

"This gives the board confidence that despite the reduction in the margin as a result of the mix of product sales, the markets that the company services are resilient and that the group can deliver a strong second half performance and continue to deliver growth for the company and its shareholders," Frere said.






At 9:10am: [LON:SOLI] Solid State Plc share price was -10p at 372.5p



Story provided by StockMarketWire.com