REG – Dialight PLC – Unaudited Preliminary Results 2009 – Part 2
Date/Range: 3-MAR-2010
Short Abstract: REG – Dialight PLC – Unaudited Preliminary Results 2009 – Part 2
– Part 2: 37.7 1,990 38.5 2,168
(139)
Share plan charge for lapsed awards
–
–
1.2
70
Over provision in prior years
(4.6)
(243)
(0.4)
(23)
37.7
1,990
38.5
2,168
Deferred tax recognised directly in equity 2009 £’000 2008 £’000
Relating to pension accounting (663) 1,289
Relating to pension accounting (663) 1,289
3. Adjustment to profit from businesses sold in prior years
The adjustment to profit from businesses sold in prior years comprises two non-cash items being a release of a provision of£0.4 million for a business sold in 2003 and a release of a tax provision of £1.7 million in connection with the disposal of businesses in 2005, which are no longer required.
4. Earnings per share
Basic earnings per share
The calculation of basic earnings per share at 31 December 2009 was based on the profit for the year of £5,432,000(2008:£3,469,000) and a weighted average number of ordinary shares outstanding during the year ended 31 December 2009 of 30,983,501(2008: 31,017,000).
Diluted earnings per share
The calculation of diluted earnings per share at 31 December 2009 was based on profit for the year of £5,432,000 (2008:£3,469,000) and a weighted average number of ordinary shares outstanding during the year ended 31 December 2009 of 30,983,501(2008: 31,017,000).
2009 2008
‘000 ‘000
Weighted average number of ordinary shares 30,983 31,017
Effect of share options on issue 805 752
Weighted average number of ordinary shares (diluted) 31,788 31,769
752
Weighted average number of ordinary shares (diluted)
31,788
31,769
Underlying earnings per share are highlighted below as the Directors consider that this measurement of earnings gives valuable information on the performance of the Group.
2009 2008
Basic earnings 17.5 11.2
Profit from businesses sold in prior years (note 3) (6.9) –
Underlying earnings 10.6 11.2
Diluted earnings 17.1 10.9
Profit from businesses sold in prior years (note 3) (6.7) –
Underlying earnings 10.4 10.9
Profit from businesses sold in prior years (note 3) (6.7) –
Underlying earnings 10.4 10.9
5. Dividends The following dividends were paid in the year:
2009 2008
£’000 £’000
Interim-2.3p per ordinary share (2008:2.1p) 719 656
2008 Final-3.9p per ordinary share (2007:3.8p) 1,218 1,187
1,937 1,843
1,187
1,937
1,843
After the balance sheet date the following dividends were recommended by the Directors. The dividends have not been provided for and there are no corporation tax consequences.
2009 2008
£’000 £’000
Second interim recommended dividend
4.3p per ordinary share (2008:Final 3.9p) 1,343 1,218
4.3p per ordinary share (2008:Final 3.9p) 1,343 1,218
There will be an analyst and investor meeting at 09.30 hours this morning at Kreab Gavin Anderson, Scandinavian House, 2-6 Cannon Street, London EC4M 6XJ.
A slide presentation of the event will be available at 09.30 hours on https://www.dialight.com
Internet users will be able to view this announcement, together with other information about Dialight plc at the company’s web site http://www.dialightplc.com.
-ENDS-
About Dialight
Dialight plc is leading the lighting revolution for industrial users across the world. Applying leading edge LED technology it produces retro-fittable lighting fixtures designed specifically for hazardous locations, obstruction lighting, traffic and rail signalling to vastly reduce maintenance, save energy, improve safety and ease disposal. Versions of these high specification luminaires are also produced for more general commercial, industrial and outdoor situations.
Dialight consists of two business segments:
– Signals/Illumination
Which includes Traffic and Rail Signals; Obstruction Lights and Solid State Lighting
Components
Comprising Light Emitting Diode (“LED”) Indication Components and Electromagnetic Disconnects (‘smart’ meter disconnect switches)
The company is headquartered in the UK and listed on the London Stock Exchange (LSE:DIA.L,GB0033057794) with operating locations in the UK, USA, Germany and Mexico. More information is available at dialightdev.wpenginepowered.com.
Cautionary statement
This announcement contains certain statements, statistics and projections that are or may be forward-looking. The accuracy and completeness of all such statements, including, without limitation, statements regarding the future financial position,strategy, projected costs, plans and objectives for the management of future operations of Dialight plc and its subsidiaries is not warranted or guaranteed. These statements typically contain words such as ‘intends’, ‘expects’,’anticipated’, ‘estimates’ and words of similar import. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Although Dialight plc believes that the expectations will prove to be correct. There are a number of factors, many of which are beyond the control of Dialight plc, which could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange