Ahold profit falls after unit disposal; sales rise

AMSTERDAM (AP) - Royal Ahold NV, the Dutch operator of US supermarket chains Stop & Shop and Giant, says its underlying profit rose in the second quarter due to slow but steady economic growth.

Net profit fell 17 percent to 206 million euros ($275 million) because company sold its 50 percent stake in Scandinavian chain ICA earlier this year. Sales were 7.8 billion euros, up 1 percent _ restating last years' figures to remove ICA.

CEO Dick Boer said sales grew at 3 percent comparing like for like and ignoring currency effects. US sales grew 2 percent and Dutch sales 5.6 percent.

He said the company won market share in the U.S., and operating margins had improved slightly from a year ago.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Stories

  • Fact Check
    Jason Rantz says actually, there are laws to address negligent gun owners

  • Best in the House
    With Seahawks home games 'sold out' the ticket price of this seat doesn't seem so bad

  • Microsoft's Latest
    Microsoft releases a band that monitors more than just your fitness
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.