- Computing, power and communications product manufacturer Solid State booked a 7.9% fall in annual profit after revenue growth was offset by margin pressure.

Pre-tax profit for the year through March fell to £2.5m, even as revenue grew 16% to £46.3m.

The company held its annual dividend steady at 12.0p per share.

'The financial year ended 31 March 2018 delivered a combination of strong organic revenue growth and strategic re-organisation,' chairman Tony Frere said.

'In particular our value-added distribution division contributed record revenues and profits, and our manufacturing division was refocused into three key business units to align them with their markets and physical locations.'

"The board is encouraged by new order intake during the first two months of our new financial year, giving confidence that the group remains on track to deliver in-line with expectations.'

At 8:35am: [LON:SOLI] Solid State Plc share price was -8p at 307p

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