28th Jul 2015 14:03
LONDON (Alliance News) - Dialight PLC Tuesday said Chairman Bill Ronald bought 5,150 shares at a price of 455 pence per share on Monday.
Following this transaction, Ronald holds a total of 31,000 shares, representing 0.095% of the issued share capital.
The LED company on Monday had posted a fall in pretax profit in the first half of 2015, despite a rise in revenue, as the group was hit by higher costs across the board, prompting it to scrap its interim dividend payout.
Dialight produced no pretax profit in the half, compared to GBP5.2 million a year earlier, as a rise in revenue to GBP80.6 million from GBP70.9 million was completely wiped out by higher cost of sales, distribution costs and administrative costs. The weaker profit performance caused the company to scrap its interim dividend payout, having paid out 5.2 pence per share a year earlier.
Shares were down 6.7% at 429.94p Tuesday afternoon.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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