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363.00 -7.00 (-1.89%)

Bid:

360.00

Ask:

380.00

Spread: 20.00 (5.556%)

Market Cap: £145.10m

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Dialight profits double

Mon, 14th Feb 2011 08:31

LED lighting developer Dialight doubled profits in 2010 - "a very satisfactory performance" - following progress in ultra efficient lighting and signalling.The group, which said last month that full-year results would beat expectations, posted a profit before tax of £11.3m, up from £5.3m in 2009. Revenue jumped 28% to £99.2m.Sales at the Signals/Illumination business leapt almost 32% to £61.1m and bosses believe it is "still at the early stages" of what will be a period of "continued high growth". Lighting sales more than doubled to £11.6m from £5.5m."A very satisfactory performance in Solid State Lighting and indeed in the whole Signals/Illumination segment gives us confidence in our strategy and in the group's prospects for the coming years," chief executive Roy Burton said.A final dividend of 5.2p a share takes the total payout for the year to pence 8p, up 21% on last time.