StockMarketWire.com - LED lighting specialist Dialight has reiterated full year forecasts although operating profits will be weighted more towards the second half than in previous years.

A statement issued ahead of the annual general meeting today says that demand for products within the Lighting segment remained strong and group revenue growth for the quarter exceeded management expectations. It continues: "The initial assessment from the business review conducted by the group's recently-appointed interim group chief executive and group finance director, in conjunction with our management teams in the UK and US, is that the development of Dialight's production infrastructure and processes will need more focus and attention to keep pace with the Group's rapid growth in sales.

"The board will be reviewing a range of actions to improve the operational performance of the business in the second half and beyond.

"Group net debt at the end of the period was £8.9m.

"We remain encouraged by the strong demand for LED lighting. Although the Group's operating profits will be weighted more towards the second half of 2015 than in previous years, the Board's expectations for the full year remain unchanged."






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