Dialight says it has seen strong growth since it refocused as an LED company.

The firm reported its first set of results since it sold its electronic measurement business Solartron to Amtek for £42.1m and changed its name to Dialight from Roxboro. The firm pushed interim turnover up 16 per cent to £30m, order intake was up 24 per cent and operating profit was up 53 per cent to £2.3m.

Pre-tax profit was £2.5m, up from £1.4m in the same period a year previously.

Roy Burton, group chief executive, said: “The relocation of our European traffic light production to the UK and the developing relationship we have with key European traffic systems OEMs will enable us to build further our presence in the European solid state traffic signal market, as adoption rates accelerate.”

The firm said its two business segments – components and signals/illumination – had both seen increased sales, order intake and profit contribution in the interim period to June 30 this year.

Growth has also been helped by growing interest from electronics distributors. While Future Electronics has been in the solid state lighting market for some time, Dialight said Arrow Electronics has launched a lighting initiative as has Premier Farnell.

“Dialight has long standing relationships with these distributors through its components business and the first orders from these distributors have been received for the Lumidrives range of lighting related modules,” said Dialight.

Other highlights from the period, said the firm, included integrating Lumidrives - which was acquired in January this year - into the group and moving a traffic light manufacturing facility from Wang, Germany to Newmarket in the UK.

The cost of transferring the business to the UK are likely to be recovered in the second half of the year, according to the firm. “We remain optimistic for the prospects of the European traffic business in particular, through our relationship with Siemens and other major traffic OEMS. We believe we are taking market share as well as seeing an enhanced adoption due to the introduction of the new German OCIT standard,” said the firm.

For the UK market, Dialight said it was developing custom products.

Dalight completed a transformation of its business with the sale of Solartron and previously sold Mobrey in July last year and Weston Aerospace in 2003.