StockMarketWire.com - Computing products manufacturer Solid State said it expected to exceed market expectations for the current financial year after revenue rose in the first half.

Revenue for the six months through September would be around £23.5m, up 4.4% on-year.

The company said its value added distribution division had a particularly strong period, delivering growth in revenues and margins.

Revenues in the manufacturing division where lower, though margins had improved due to product mix.

Solid State said a strong order book indicated manufacturing revenue would improve in the second half.

'Entering the second half, the board considers prospects for the year to be positive and expects the group to exceed market expectations for the current financial year,' the company said.

'The group continues to pursue margin enhancement initiatives across both divisions and to progress its acquisition strategy, where the directors continue to review an active acquisition pipeline.' At 9:57am: [LON:SOLI] Solid State Plc share price was +32p at 317p



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