United Auctions loses almost 800,000

21 May 1999

United Auctions loses almost £800,000

PERTH-based United Auctions reported an operating loss of £789,981 for the year ending 31 January, against a profit of £114,000 last time.

Turnover for in the year at United fell by £1 million to £8m.

The company is looking at a number of initiatives to pull it out of the red, including the development of its sites at Perth and Stirling.

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