date:Jan 29, 2014
Dutch retailer and wholesaler Sligro Food Group has reported a fall in full-year profits as pension costs hit the bottom line.
Despite higher sales, profits were down 0.9% in to 68 million for 2013, compared with the previous year. However, sales rose 1.3% to 2.5 billion.
Operating profit from the food retail arm doubled to 8 million due to an improved gross profit margin.
Sligro Food Group was able to maintain its results at a good level in 2013 in a market in which consumer spending was u