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Dialight PLC - London-based electronics company specialising in LED lighting - Posts a pretax profit of £500,000 in 2022, down from £700,000 in 2021, as distribution costs rise to £25.5 million from £21.3 million and administrative expenses increase to £26.8 million from £23.6 million. Meanwhile, revenue climbs to £169.7 million from £131.6 million. Explains that the second half of the year saw tougher trading conditions with lower levels of revenue growth and a combination of input cost pressures and global component shortages. Says it enters 2023 in a ‘good position’ but says that the short-term macroeconomic outlook remains ‘challenging’ with global supply chain disruptions not expected to alleviate until the second half of 2023.
Current stock price: 200.10 pence
12-month change: down 42%
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