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Valuetronics FY16 profit falls 19.3% as LED bulb business goes dark

Company hopes to retool with focus on higher-margin industrial and commercial segment


VALUETRONICS Holdings' net profit fell 19.3 per cent for its financial year ended March 31 as it turned out the lights on its mass-market LED bulb business.

But the electronics manufacturer is hoping for a new engine for growth from its industrial and consumer electronics