Shell Electric MFG (Holdings) will consolidate its operations and hold more cash after profits fell 17.49 per cent last year to $96.7 million, according to group managing director Billy Yung Kwok-kee. 'Our group has been too diversified in the past few years, but we will now be more focused on the production of DVD [digital video disc] players, home theatre products and amplifiers,' he said. Mr Yung said after the annual general meeting it was difficult to tell whether there would be any profit growth this year. Turnover last year rose to $1.6 billion, against $1.1 billion in 1996. Prospects for sales of DVD players were promising as the group had set up an in-house design and production facility on the mainland, Mr Yung said. 'Our cash position this year is stronger,' he said, stressing the firm did not need to borrow money. Net gearing for Shell has remained at about 20 per cent.