Fashion retailer Forminster Group has reported a pre-tax loss of £549,000 for fiscal 2003 without citing prior-year figures.

The company, which operates the Kookai chain, also posted a 15 per cent year-on-year drop in turnover to £33.8m for the year.

According to a company statement, the annual results were adversely affected by legal fees of £213,00 in relation to a Kookai supplementary licence agreement, £100,000 for the settlement of an ongoing claim against suppliers and losses of £360 related to the closure of two stores.