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Royal Ahold Sales Rise 1.2% |
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Author: 123jump.com Staff
123jump.com
Last Update: 2:44 AM EDT March 10 2008
Dutch supermarket retailer Royal Ahold net sales rose 1.2% from the previous year to €28.2 billion after the acquisition of Clemens Markets and Konmar stores augmented revenues. Net income for the year grew by €2 billion to 2.9 billion euros on the sales of its U.S. FoodService and Polish operations. The company proposed a full-year dividend of 0.16 euro per share. The company plans to reduce debt in 2008 by €2 billion. Earnings per share in euros jumped to 2.03 from 58 cents. |
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