beacon lights up on first day on market - led sign lighting

Lighthouse lighting group had a bright start in the stock market, with its shares soaring by 60.
Beacon is Australia's largest retailer of residential lighting, ceiling fans and light ball. The Melbourne-
The company has 71 specialty stores, 14 specialty stores and 4 commercial sales offices.
The family of executive chairman Ian Robinson holds a 55 stake in the company.
Beacon offers £ 45 or £ 96.
Of the shares issued to the public, the company has 75 million shares, 66 cents per share.
On Tuesday, the shares began trading at $1100 a share, up 40 cents, or 60 cents.
61: $1.
06 before the end of trade.
Strong market performance increased its market value by $87 million to nearly $0. 229 billion.
In its prospectus, Beacon said the company had the opportunity to take advantage of the shift from inefficient lighting sources such as incandescent lamps and halogen balls to more efficient LED lighting technologies.
Lighting accounts for more than 12 of typical household electricity bills, the company said.
The company said that as energy costs are expected to continue to rise, increased demand for energy efficiency will continue to drive growth in the lighting category.
In the six months to the end of December 2013, Beacon achieved a net profit of $6.
7 million, increased from $5.
1 million a year ago
Sales increased by 11.
5 cents to 74 dollars. 5 million.