Solid State (AIM:SOLI) - a ‘not so Solid’ trading update
The update starts brightly enough and “despite some softening in Solid State’s markets as widely reported by industry peers, the Company has made a satisfactory start to the year.” However, the fact that for the six months to 30 September 2015 turnover of approximately £21m (2014: £17.13m), being 22% higher than the comparable period, is only set to deliver pre-tax profit of £1.50m (2014: £1.55m), being marginally lower, suggests problems!
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