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Solid State holds dividend steady amid flat profit performance
StockMarketWire.com
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Computing and power product manufacturer Solid State posted flat first-half profit and held its dividend steady.
Pre-tax profit for the six months through September nudged up to £2.37 million, from £2.33 million year-on-year.
Revenue fell 1.5% to £33.1 million and adjusted pre-tax profit fell 4.5% to £2.55 million.
Solid State held its dividend at 5.25p per share.
Chairman Nigel Rogers said the company's performance demonstrated resilience in a disruptive year marred by the Covid-19 crisis.
'The half year position compares favorably to our previous record year as a business, which is a great reflection on everyone who has contributed to delivering this outcome,' Rogers said.
'We enter the second half with a strong balance sheet to pursue our growth initiatives and a solid order book to underpin our targets for the full year.'
At 8:57am: (LON:SOLI) Solid State Plc share price was 0p at 582p
Story provided by StockMarketWire.com
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