Dialight cuts full-year profit estimate on order delays

Jan 8 (Reuters) - Light (Other OTC: LGSXY - news) products maker Dialight Plc (LSE: DIA.L - news) said it expect to report a lower full-year profit, citing delays in deliveries of some orders from its U.S.-based customers, sending its shares down 24 percent.

The company, which assembles light emitting diode units and supplies them to commercial customers, said it now expects underlying full-year pretax profit from continuing operations to be at least 14.5 million pounds ($23.78 million).

It had earlier estimated 2013 results to be broadly in line with the year earlier. Dialight reported a pretax profit of 19.8 million pounds in the full year ended Dec. 31 2012.

Dialight, which gets over 70 percent of its revenue from the United States, said a change in the distribution model for its obstruction business would also hurt results.

The signal unit, which includes its obstruction business, makes led lighting for telephone towers and roads, and accounts for about 40 percent of the company's sales.

Shares in the company were down 23 percent at 640.8 pence at 0819 GMT, making the stock one of the top percentage losers on the London Stock Exchange (Other OTC: LDNXF - news) .

($1 = 0.6098 British pounds) (Reporting By Esha Vaish in Bangalore; Editing by Supriya Kurane)