- Computer, power and communications products manufacturer Solid State said it expected its profits for the full year to be 'significantly ahead' of market expectations.

Revenue for the year through March was expected to be in line with current consensus forecasts -- albeit the company said there may be opportunities to generate further incremental sales later in the year.

Gross margins had strengthened by more than expected, due to a favourable sales mix in the manufacturing division and continuing production efficiencies.

Solid State also said that Pacer, acquired in November, was performing ahead of expectations.

In addition, it was also getting a benefit from exchange rates.

'The board is very pleased with the start to the year, and to be upgrading profit expectations for the year, notwithstanding the heightened macroeconomic and political uncertainties of recent months,' chief executive Gary Marsh said.

'We look forward to updating further on trading and prospects in our trading update for the first half which will be released in late October.'

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