Dialight Continues to Post Bad News

November 20, 2019 [addtoany]

On 11  Jun, Dialight was trading £570, this week it has dropped to £255.  Yesterday, Dialight warned on its annual operating profit for the year, blaming the Sino-U.S. trade spat.  According to a statement published on their website, “Whilst adoption of a hybrid manufacturing model was key in ensuring a rapid and controlled exit from Sanmina, this has come at a significant cost to the business. The costs of using external vendors during the exit from Sanmina have been treated as non-underlying costs.”

Read the entire statement here.