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16Aug91 UK: PRIOR GROUP REPORTS PRETAX LOSS OF £1.1 MILLION FOR THE YEAR ENDING MARCH 1991.

Prior Group has reported a pre-tax loss of £1.1 million for the year ending March (1990: profit £643,000) after its property turnover fell to £5.4 million from £11 million.The company made an extraordinary profit of £2.3 million from the sale of Beaver Architectural Ironmongery but this was offset by losses and provisions on the receivership of Jennings Monk (trading as Knobs and Knockers) which totalled £3.4 million.

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