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CRYSTALATE HOLDINGS FIRST HALF PROFITS TO BE DISAPPOINTING

Crystalate Holdings Plc is warning shareholders to expect very disappointing first half profits for the six months to March 31 after problems at its Welwyn components and contract assembly division: the micro-circuits division has run into trouble on a key product, and its circuit board unit is performing poorly; Lord Jenkin, former Tory minister Patrick Jenkin, is to become chairman of Crystalate, succeeding Nigel McLean, who resigned after reported disagreements over other management appointments.

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CBR Staff Writer

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