date:Nov 08, 2013
The Brussels-based grocery companyDelhaize Group Thursday reported a net loss of 87 million in the third quarter, compared to a 189 million net profit in the year-ago period.
The company said the loss was caused by lower a operating profit and 199 million of impairment charges, mainly related to its Serbian goodwill and trade names.
As a result of our decision to increase price investments and promotions, profitability has declined, said Chief executive Pierre-Olivier Beckers, who will han