LONDON (dpa-AFX) - Dialight Plc (DIA.L) reported that net debt on November 30 was £14.9 million, a £3.1 million improvement from the half year position, driven by a further reduction in inventory.
Further, the company expects fiscal 2020 net debt to be at a similar level to the position at the end of November.
'In the longer-term, the growth drivers of LED lighting and sustainability are as strong as ever,' the company said. The company added that it expects COVID-19 crisis to accelerate the structural drivers for LED lighting.
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