Ahold Delhaize Third-Quarter Net Profit Up 25% at EUR236 Million
17 Novembre 2016 - 8:23AM
Dow Jones News
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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