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Electronic Designs Inc, Westborough, Massachusetts-based semiconductor memory and flat panel display manufacturer, has reported fourth quarter net profits up 9.5% at $1.4m on revenue down 15.9% at $11.1m; net profits for the year to September 30 were up 34.5% at $3.8m on revenue that declined by 26.7% to $42.1m. Net earnings per share increased by 6.7% to $0.16 in the quarter, and were 18.4% higher at $0.45 in the year.

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