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On 28 Nov 2004 - The retailer reported an interim loss last month of �2.7m against a profit of �1.1m the year before. Which pretty much confirms your question.
By doing an 'austin reed finance' search on Google - I found this article:
http://business.telegraph.co.uk/money/main.jhtml?xml=/money/2004/11/28/cnreed28.xml&menuId=242&sSheet=/money/2004/11/28/ixcity.html
Also, go the the investors centre and have a look at their accounts:
http://www.austinreedgroup.co.uk/
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