Business
Preliminary Results and Board
Preliminary Results and Board.
About this update from Dialight Plc
[{"type":"text","content":"\n RNS Number : 0810O Dialight PLC 02 March 2009 \n \n\n\n\n\n\nDate:\n\n\nEmbargoed until 07.00 am, Monday 2 March 2009 \n\n\n\n\n\nContacts:\n\n\nRoy Burton - Group Chief Executive \nCathy Buckley - Finance Director\nDialight PLC\nTel: 01480 447490 \n\n\n\n\n\nSimon Bridges\nCanaccord Adams Limited\nTel: 020 7050 6500\n\n\n\n\n\nAlistair Mackinnon-Musson \nNathan Field\nHudson Sandler\nTel: 020 7796 4133\nEmail: [email protected]\n\n\n\n\n\n\n\nDIALIGHT PLC\n\nPreliminary Results for the year to 31 December 2008 and Board Change\n\n\nDialight plc, the UK based leader in Applied LED Technology, announces its Preliminary results for the year ended 31 December 2008.\n\nDialight consists of two business segments:-\n\n\n\n\n\n\n\n\n\n\n\n\nSignals/Illumination which includes Traffic and Rail Signals, Obstruction Lights and Solid State Lighting\n\n\n\n\n\n\n\n\n\n\n\n\nComponents comprising Light Emitting Diode ('LED') Indication Components and Electromagnetic Disconnects ('smart' meter disconnect switches)\n\n\n\n\n\n\nHighlights\n\n\n\n Signals/Illumination sales up 30% (21% at constant currency)\n\n\n Group sales up 23% (16% at constant currency)\n\n\n Operating Profit up 37% to £5.3m - in line with market expectations\n\n\n Profit before tax up 26% to £5.6m\n\n\n Earnings per share up 27% to 11.2p (2007:8.8p)\n\n\n Strong operating cash flow of £6m (2007:£5.8m)\n\n\n The recommended final dividend increased to 3.9 pence\n\n\n\n\nRoy Burton, Group Chief Executive, said\n\n'We are pleased to report that our strategy of identifying and then servicing large niche markets for LED based products continues to deliver strong growth. Our increasing range of Ultra Efficient Lighting not only brings energy savings to our customers but enables them to reduce their carbon footprint. In addition to the 'green ' nature of our products, the recently announced United States stimulus package addresses many of the markets and applications served by Dialight and we should be well placed to take advantage of this pack...