Solid State plc (AIM:SOLI) - Trading update and acquisition
Solid State plc have issued a trading update as well as announcing an acquisition.
The results for the year ended 31 March 2015 will, as anticipated, be significantly better than last year. Profit before taxation for the year ended 31 March is expected to be at least in line with market expectations although revenue is expected to be slightly lower principally due to exiting certain low margin, high volume business in the LED market during the year. The Directors are confident that further progress and growth will be achieved in the current financial year. The current financial year commences with an open order book of £18.5m (30 April 2014: £14.7m) and an encouraging…