Dialight 1H Strong Performance, To Exceed FY Expectations

8th Jul 2010 07:20

LONDON (Dow Jones)--Dialight Plc (DIA.LN), a light emitting diode (LED) applications company, announced Thursday that as a result of continued strong performance during the first half, notably in the Indication Components and Signals/Illumination segments, the Board is now confident that the company will exceed its previous expectations for earnings in the current financial year. MAIN FACTS: -The performance in Indication Components can be attributed in part to some restocking by distributors which we anticipate slowing in the second half. -The Signals/Illumination segment however, has continued its strong growth compared to the first half of 2009, driven by good progress on deliveries of White Industrial Lighting and Obstruction lights supported by contracts announced last year. -Shares closed Wednesday at 308 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; [email protected] (END) Dow Jones Newswires July 08, 2010 02:20 ET (06:20 GMT)