IN BRIEF: Dialight swings to loss as margin pressured by rising prices
30th Jul 2024 20:20
Dialight PLC - London-based producer of LED lighting for heavy industrial applications - In the 15 months to March 31, swings to pretax loss of USD32.5 million from profit of USD0.5 million in the 12 months to December 31, 2022. Revenue climbs to USD226.0 million from USD209.8 million for the same periods. Underlying gross margin drops slightly to 31.0% versus 32.1% in the previous period reflecting a combination of labour and materials inflation. Highlights positive momentum within the business moving forward with alignment and support to the strategy. Read More