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Concepts in the red

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ELECTRONICS company Team Concepts Holdings has fallen into the red with a $54.16 million loss attributable to shareholders for the year to March.

The losses included $10.66 million exceptional - special provisions made against obsolete inventories.

The company reported a slight fall in turnover to $635 million from $631.3 million.

Losses per share were 24.04 cents and no dividend was declared.

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