Dialight warns over dimmer sales

Lighting products maker Dialight said first-half profit would be hurt by lower sales in its signals business, which makes traffic, transportation and obstruction signals, sending its shares down as much as 15.5 per cent. While the group is well-positioned following its decision to sell directly to the cellphone tower market rather than through resellers, the timing on the rollout of the new system contracts remains difficult to predict, Dialight said. Shares closed down 13.5 per cent at 1,157p.