NEWS
30 per cent leap in profits at Dialight

Operating profits at Dialight are up by more than 30 per cent for 2011, nearly 10 per cent beyond the company’s expectations. This figure was £11.2 million in 2010, more than double the figure achieved the previous year. In its …

Operating profits at Dialight are up by more than 30 per cent for 2011, nearly 10 per cent beyond the company’s expectations.

This figure was £11.2 million in 2010, more than double the figure achieved the previous year.

In its trading update, Dialight said the boost was driven by strong growth in the signals/illumination segment, where revenues from white lighting products rose by more than 100 per cent last year as well as revenues from obstruction lighting almost doubling.

By the end of 2011, the company’s net cash holdings totalled almost £14 million, up nearly £4 million since the end of 2010. The board of directors said it was confident of ‘continued strong performance’ this year.

Dialight’s full-year results will be published in February.

RELATED
GE to buy Lightech

GE Lighting is to buy Lightech, the Israeli control gear maker. The purchase price is believed to be about £16 million.

RELATED
ACDC receives Queen’s Award

ACDC has been named winner of the Queen’s Award for Enterprise in International Trade 2012