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3 per cent fall in profits at Skipton

Skipton Building Society&#39s has announced a 3 per cent fall in profits to £39.3m for 2001 from £40.9m the previous year.

It says this was mainly due to an “exceptional” boost to profits in 2000 from the sale of its Dealwise stockbroking business for £80 million.

Skipton, which has 15 financial sector subsidiary firms including an IFA, increased its total group assets by 6.25 per cent to £6.2 billion from £5.9 billion over the year.

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