Dialight (GB:DIA) has released an update.
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Dialight PLC reported a slight decrease in revenue to $90.3 million for the first half of 2024, while underlying operating profit improved to $0.9 million due to stronger margins and cost controls. Despite facing hefty non-underlying costs related to litigation, the company generated positive cash flows and reduced its net bank debt, as it continues to execute its transformation plan aimed at streamlining operations and boosting profitability.
For further insights into GB:DIA stock, check out TipRanks’ Stock Analysis page.
