3rd Apr 2023 21:10
Dialight PLC - London-based electronics company specialising in LED lighting - Posts a pretax profit of GBP500,000 in 2022, down from GBP700,000 in 2021, as distribution costs rise to GBP25.5 million from GBP21.3 million and administrative expenses increase to GBP26.8 million from GBP23.6 million. Meanwhile, revenue climbs to GBP169.7 million from GBP131.6 million. Explains that the second half of the year saw tougher trading conditions with lower levels of revenue growth and a combination of input cost pressures and global component shortages. Says it enters 2023 in a "good position" but says that the short-term macroeconomic outlook remains "challenging" with global supply chain disruptions not expected to alleviate until the second half of 2023. Read More
