Dialight increases full year 2012 dividend by 35%

DividendMax Ltd.

Dialight increases full year 2012 dividend by 35%


Underlying Profit before tax from continued operations increases 26.7% to £19.7m (2011: £15.5m)

2012 Lighting Revenues increase 72.7% to £45.5m (2011: £26.4m)

Lighting Contribution Margin increased by 8.6 points to 44.3%

Disposal of Utility switch business complete

Year-end net cash of £15.0m (2011: £13.7m) with significant investment in Lighting

EPS 41.4p on continuing operations excluding £0.7m profit on disposal of Utility Switch (2011: 31.3p)

Final dividend of 9.5p giving a total dividend for the year of 13.5p up 35%(2011: 10.0p)

Roy Burton, Group Chief Executive, said:

"2012 has seen a further increase of Dialight's success in converting the Industrial Lighting Market to Solid State Lighting. This change offers significant energy and maintenance savings to our customer base thus laying the foundations for continued growth."

Companies mentioned