24 Jun 2015 05:21
Photonstar LED Group's full-year results were hurt by "significant" price reductions from competitors in its fixed lighting business. As a result, revenues fell 23.7% to £7.2m and losses before tax increased to £1.57m from £0.73m the year before. Sales of light LED luminaires fell 18% to £6.9m, whi
Read moreShares in AIM-listed Photonstar lost a third of their value on Wednesday after warning on revenues and predicting a loss for the year. The group explained that sales of fixed white lighting products for the year had been lower than previously indicated and that several large lighting domestic and ex
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