Solid State plc (AIM: SSP) – decent set of results from the AIM listed electronics supplier
Revenues were up 22% to £31.50m, profits before tax (pre-exceptional items) up 17% to £1.87m with earnings per share up 12% to 21.8p.
Operating margins of approx 6% are nothing to get excited about but this business has consistently delivered over the past few years and is therefore worth a look.
The total dividend for the year of 8p per share is a 10% increase on the 2012 level and equates to a yield of 3.5% at the current share price. The Group is focused on the supply and support of specialist electronics equipment which include high tolerance and tailor made battery packs, specialist electronic components, specialist antennas and industrial/rugged computers. The market for the Group’s products and services is driven by the need for custom electronic solutions to address complex needs, typically in harsh environments where enhanced durability and resistance to extreme and volatile temperatures is vital. Drivers include efficiency…