BREAKING NEWS

LED maker Dialight warns on profit hit by trade wars

Text size Aa Aa

(Reuters) – Lights manufacturer Dialight Plc <DIAL.L> on Tuesday warned on its annual operating profit for the year, hit by the Sino-U.S. trade spat which has led to uncertainty around the timing of orders from its customers.

The LED lights maker expects its 2019 earnings before interest and taxes (EBIT) to be between 5 million pounds ($6.48 million) and 8 million pounds, after adjusting for some costs. It reported EBIT of 8 million pounds last year.

The company, which also supplies traffic lights, said the market for that division remained weak and does not expect it to recover until the second half of 2020.

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Shailesh Kuber)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.