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Block type showing <p>nbsp;</p> after compilation

Block type showing <p>nbsp;</p> after compilation

I ran compilation on one of our clients site, but after running the compilation process all the block type code doesnt seems to be recognized by Magento.

 

It is showing a blank space when I try to check in the code. Have disabled compiler and also cleared cache and index but no luck..

 

Can anyone help me with this..