Increasingly, the main focus of the company is Signals/Illumination which addresses the increasing demands for energy efficient lighting solutions through the use of high brightness LEDs (light emitting diodes) and utilisation of a number of associated technologies. Areas of business include Traffic and Rail Signals, Obstruction Lights and Solid State Lighting products.
The LEDs' 90% energy efficiency over conventional lighting means the cost is recuperated in two years or less, on an industrial light guaranteed to last at least five years.
Here's a link to the company website - www.dialight.com
They have today announced 2012 full year results which appear to have been well received as the share price has risen around 2%. Revenues increased 12% to £115m, and profits increased from £15.5m to £19.7m - the board are confident to propose a 35% increase in dividend from 10p to 13.5p and have more than doubled the 6.6p paid in 2009. At 1185p, the shares will yield just over 1% - definitely a 'jam tomorrow' share for income seekers.
Here's a link to a summary of the results - dialight preliminary results
The lighting segment of the business is growing very quickly - this year, sales increased from £26m to over £45m and contribution to profits increased from £2m last year to £8.6m in 2012.
To quote from the results: