1st Sep 2026 14:35
(Alliance News) - Dialight PLC shares rose on Tuesday, after the company said it expects to beat several of its financial targets.
Shares in the London-based industrial LED lighting maker rose 7.6% at 596.00 pence on Tuesday afternoon in London.
Dialight said it expects second-quarter sales growth to continue at a rate similar to the first quarter, which "comfortably exceeded" its 3% to 5% target.
Gross margin also continued to beat the 45% target in the second quarter. As a result, the company said it would be likely to its meet return on sales target of 15% in the first half of the year, which ends on September 30.
Dialight added it continued to improve its net cash position.
The company said adjusted pretax profit for the full-year ending March 31, 2027 would be "significantly ahead" of its previous expectations.
By Camilla Borri, Alliance News reporter
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