15th Jan 2016 08:01
LONDON (Alliance News) - Lighting company Dialight PLC on Friday said it expects its underlying operating profit to meet market expectations following a year of restructuring caused by a downturn in orders from the oil and gas industry.
Dialight said its underlying operating profit, which strips out the one-offs related to the job cuts and restructuring it has undertaken to cope with a downturn in orders from the oil and gas market, should meet market forecasts.
The company said the restructuring it undertook will result in one-off costs of GBP10-12 million for the year, of which GBP7.0 million will be non-cash.
It will publish its annual results on March 8.
By Sam Unsted; [email protected]; @SamUAtAlliance
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