Wednesday, February 28, 2018

Supermarket giant Ahold Delhaize 4th-quarter profit soars

Miami Herald

Ahold Delhaize, the Dutch-Belgian operator of supermarket chains including Stop & Shop and Giant in the United States, says fourth-quarter net profit soared by more than 300 percent to 744 million euros ($909 million) from the same period a year ago, when one-off costs of 243 million euros dented profits.

The company said Wednesday the profit was boosted by a strong holiday season and a reduction in its income tax expenses due to tax reforms in the U.S. and Belgium.. . . more