date:Aug 23, 2013
Beating analyst expectations, Dutch supermarket chain Ahold has posted an increase in operating profit for the second quarter of 2013.
Sales were up 3% on the same period a year ago, based on constant exchange rates, at 7.8 billion. Underlying operating profit rose 5.4% at constant exchange rates to 338 million but net income was down 17.3% at 206 million. According to the company, this was largely due to the sale of ICA earlier this year.
Ahold chief executive Dick Boer said the company remai