Dialight shares rise as it upgrades outlook for annual results

Dialight PLC shares rose on Tuesday, after the company said it expects to beat several of its financial targets.

Shares in the London-based industrial LED lighting maker rose 7.6% at 596.00 pence on Tuesday afternoon in London.

Dialight said it expects second-quarter sales growth to continue at a rate similar to the first quarter, which "comfortably exceeded" its 3% to 5% target.

Gross margin also continued to beat the 45% target in the second quarter. As a result, the company said it would be likely to its meet return on sales target of 15% in the first half of the year, which ends on September 30.

Dialight added it continued to improve its net cash position.

The company said adjusted pretax profit for the full-year ending March 31, 2027 would be "significantly ahead" of its previous expectations.

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