Wednesday, June 6, 2007

Ahold Q1 net down 2 pct, sees recovery ahead

(Reuters) - AMSTERDAM, June 7 - Dutch retailer Ahold posted a 2 percent drop in first-quarter net profit on Thursday, hurt by the ongoing overhaul of its U.S. supermarkets, but said it was on track for a recovery.



Net profit fell to 241 million euros from 246 million euros a year earlier, but came above an average forecast of 229 million euros in a Reuters poll of 17 analysts.


Read more at Reuters.com Mergers News

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