By Maarten van Tartwijk 
 

AMSTERDAM--Supermarket operator Royal Ahold Delhaize NV (AD.AE) said its third-quarter net profit rose 25% from a year ago in its first combined earnings report since its multibillion-dollar merger.

Ahold Delhaize, which completed the tie-up in early July, said net profit for three months ended September was EUR236 million ($252.3 million), up from EUR189 million a year earlier, while pro-forma sales rose 2.6% to EUR14.55 billion ($15.56 billion).

Chief Executive Dick Boer called it a "solid performance," especially in light of challenging trading conditions in the U.S., where grocers are grappling with price deflation and fierce competition.

 

Write to Maarten van Tartwijk at maarten.vantartwijk@wsj.com

 

(END) Dow Jones Newswires

November 17, 2016 02:08 ET (07:08 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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