NEWS
Profits double at Dialight

LED specialist Dialight doubled its profits in 2010 and saw sales rise by 28 per cent.

The group, which last month said that full-year results would beat expectations, posted a profit before tax of £11.3 million, up from £5.3 million in 2009. Revenue jumped 28 per cent to £99.2 million.

LED signalling – such as traffic lights – is a major market for Dialight, but in recent years the company has become stronger in the mainstream lighting market, mainly on the back of retrofitting installation. Sales of dedicated LED luminaires – mainly high bay applications for industrial applications such as warehouses – more than doubled to £11.6 million from £5.5 million.

Chief executive Roy Burton described the results as a ‘very satisfactory performance in solid state lighting and indeed in the whole signals and illumination segment’.

He added: ‘It gives us confidence in our strategy and in the group’s prospects for the coming year.’

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