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Interim Results

Dialight underlying operating profits rise

24 July 2017 09:36

Underlying operating profits at Dialight rose to £6.5m in the six months to the end of June - up from £4.2m last time.

Revenues increased to £92.7m from £79.8m and underlying basic earnings per share rose to 12.8p from 7.8p.

The group reported a statutory pre-tax profits of £4.0m against a loss of £7.1m last time.

Group chief executive Michael Sutsko said: "We are focused on executing the group's ambitious growth strategy as we seek to capture the opportunity in the industrial LED lighting market. "The transformation to a robust and scalable manufacturing platform has advanced significantly in the period.

"We have completed platform engineering, and nine out of twelve product lines have transferred to our manufacturing partner with the final three lines to be completed by the end of the year.

"We remain excited by the group's prospects and remain confident of delivering continued growth and shareholder value.

"Our expectations for the second half of 2017 remain unchanged."

At 9:36am: (LON:DIA) Dialight PLC share price was +8.75p at 998.75p

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