Dialight cuts its 2015 final dividend

DividendMax Ltd.

Dialight cuts its 2015 final dividend

Financial headlines

Lighting revenue up 3% to £120.6m; Signals and Components revenue 5% lower at £40.8m. 

Underlying operating profit fell by 66% to £6.1m (2014: £18.1m).

Non-underlying costs of £9.5m (2014: £2.3m) mainly due to actions resulting from the Strategic Review.

Revised operating segments with a focus on growth opportunities within the Lighting segment.

Cash conversion of 145% (2014: 55%) through better working capital management.

The Board is not proposing a final dividend for 2015 (2014: 9.8p).

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