By Iain Gilbert
Date: Tuesday 03 Jul 2018
LONDON (ShareCast) - (Sharecast News) - AIM-listed speciality electronics firm Solid State saw pre-tax profits decline slightly in its last trading year, despite a jump in revenues.
Solid State turned in an adjusted profit before tax of £3m, down 4.15% on the year before, while revenues climbed 15.75% to £46.3m.
The firm's adjusted operating margin fell 137 basis points to 6.56% due to changes to its sales mix where its historically lower margin value-added distribution wing made up a larger proportion of its overall margin.
Solid State remained confident that moving forward, with its open order book stood at an all-time high £23m, it would easily recover from the setbacks seen in 2018.
Chief executive Gary Marsh said the group would put more focus on its value-added distribution and manufacturing units, while further investment into its power division would likely help Solid State deliver more "complex, higher margin solutions".
Earnings per share slipped 2% to 30.9p, while Solid State's dividend per share remained flat on 12p.
As of 1320 BST, Solid State shares had dipped 2.38% to 307.50p.
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Currency | UK Pounds |
Share Price | 1,495.00p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 1,530.00p |
52 Week Low | 1,025.00p |
Volume | 9,345 |
Shares Issued | 11.34m |
Market Cap | £169.57m |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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Interim | Final | |
Ex-Div | 25-Jan-24 | 07-Sep-23 |
Paid | 16-Feb-24 | 29-Sep-23 |
Amount | 7.00p | 13.50p |
Time | Volume / Share Price |
15:04 | 6,017 @ 1,499.38p |
16:21 | 166 @ 1,497.90p |
15:16 | 1,000 @ 1,493.50p |
15:02 | 390 @ 1,483.00p |
14:17 | 717 @ 1,483.00p |
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