LONDON (ShareCast) - (ShareCast News) - LED lighting technology company Dialight has marginally improved its full-year statutory pre-tax loss in what it penned a year of change for the company.
Statutory pre-tax loss was £3.8m, from £3.9m.

Chief executive Michael Sutsko said the company was making good progress with its three-year plan to return to sustainable profit growth.

"Phase one of the plan, to rebuild our operating model, is largely complete. The sustainability benefits of reduced energy usage, lower carbon emissions, reduced maintenance and improved safety offer real value to our customers," Sutsko said.

"This progress underpinned our encouraging financial performance in challenging market conditions," he said, referring to 2016 as a year of change.

Sutsko added that Phase two of the plan -- growth initiatives to capture the long-term opportunity in LED lighting -- was underway, and on track to deliver against Dialight's strategic plan.

"We remain confident of the Group's prospects for 2017 and over the medium to long-term, based on current FX rates."

At 10:37 GMT, shares in Dialight were up 0.57% to 963p each.

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