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.’

RELATED
Philips invests millions in campaign

Philips is investing in a three-year multi-million pound global marketing campaign that aims to change consumers’ perception of lighting products

RELATED
Global LED lamp market ‘set to fall’, says report

The market for LED lamps will start to contract in coming years due to the light source’s long life, a report has claimed.